Dave’s Hot Chicken has just been acquired by the owners of Subway for a whopping $1 billion. Sheesh. I wish this were a joke, but nope. Restaurant Brands International (RBI), which also owns major brands like Burger King and Tim Hortons,

Dave’s Hot Chicken said Monday it has been acquired by private equity firm Roark Capital in a deal valued at $1 billion.

Roark Capital, a private equity firm that also owns Subway, has acquired a majority stake in Dave's Hot Chicken for about $1 billion.