Mergers and acquisitions

Arby's owner buys stake in itself from Wendy's

The Arby's logo over a pile of cash.
Illustration: Lazaro Gamio / Axios

Inspire Brands, the Roark Capital-backed owner of Arby's and Buffalo Wild Wings, has purchased a 12.3% ownership stake in itself from Wendy's (Nasdaq: WEN) for $450 million.

Why it's the BFD: Because Roark wants to take Inspire Brands public, as we reported when first disclosing its existence late last year, and this strengthens its position.

Best Buy to acquire GreatCall in expansion of Assured Living unit

Photo of a Best Buy store
Photo: Sandy Huffaker/Getty Images

Best Buy has agreed to buy GreatCall, a San Diego-based provider of Jitterbug smartphones and other health and emergency response electronics for seniors, from buyout firm GTCR for $800 million in cash.

Why it matters: America's aging demography — and corresponding care spend — is pushing tech companies to develop products for seniors, whereas they've traditionally focused more on younger, earlier adopters.