| HBS Case Collection
(Revised October 2012)
The Auction for Burger King (A)
Paul Walsh, CEO of Diageo, must evaluate bids received in an auction of the Burger King restaurant unit. Describes how Diageo came to own Burger King, the attempts to turn the unit around, the strategic reasons for its sale, the auction process, and various bidders' tactics to gain advantage in the auction. Four bids with quite complex terms arrive by the auction deadline. Walsh is facing the task of ranking the bids and determining what enhancements to the inferior bids would make them equivalent to the first-ranked bid.
Keywords: Management Teams;
Bids and Bidding;
Decision Choices and Conditions;
Food and Beverage Industry;