Jack In The Box Buys Del Taco In $575M Deal: Report

SAN DIEGO, CA — Two fast food giants are joining forces. Jack in the Box is buying Del Taco for $575 million in a deal expected to close early next year, CNN reported Monday.

Together, the San Diego-based company and Del Taco will have over 2,800 restaurants in 25 states and will be "better positioned to compete with large quick-service restaurants," the companies told CNN.

"Joining forces will provide additional resources to drive innovation to create more unique, innovative menu items and exceptional guest experiences," Jack in the Box CEO Darin Harris told CNN. "This will allow Jack and Del Taco to better engage with their existing guests and reach new ones."

To find out more details on the purchase, visit CNN.com.