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Red Lobster sold for $2.1B

Name: Red Lobster sold for $2.1B
Uploaded: 2014-05-16T10:29:12-0400
Duration: 1 min 17 s
Description: Darden Restaurants says it is selling its seafood chain Red Lobster in a $2.1 billion cash deal. Darden also owns Olive Garden. Both restaurants have been losing business recently. Jill Wagner has that story and more MoneyWatch headlines.

Darden Restaurants says it is selling its seafood chain Red Lobster in a $2.1 billion cash deal. Darden also owns Olive Garden. Both restaurants have been losing business recently. Jill Wagner has that story and more MoneyWatch headlines.