Reports in the financial press confirm that the Subway chain of franchised sandwich stores will be acquired by Roark Capital based in Atlanta. A whisper figure of $9.5 billion is circulating, close to the $10 million suggested as a purchase price when Subway initiated evaluation of "strategic alternatives".

Subway has 20,800 franchised locations and generated domestic U.S. sales equivalent to the suggested purchase price.

Roark Capital has invested in food franchising and their portfolio include Auntie Anne's, Arby's and Baskin-Robbins.