afaqs! news bureau

Subway is up for sale: Report

The 57-year-old sandwich chain could be valued at more than $10 billion.

Subway, as per CNN, has confirmed it is up for sale and has hired J.P Morgan to conduct the process.

The 57-year-old sandwich chain has warned there is no definite “no indication of timing or assurance that a sale will occur.” The Wall Street Journal which first broke the news said Subway could be valued at more than $10 billion.

As per the report, the deal, if reached, would become one of the biggest ones in the fast-food industry since Inspire Brands bought Dunkin’ for $11.3 billion in October 2020.

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