IHOP to buy Applebee's

I guess IHOP figures that pancakes goes well with whatever crap that Applebees serves (I have heard that Applebees really sucks.)

Stewart, a former Applebee's International Inc. executive, said once
the deal closes, IHOP Corp. would revive the Applebee's brand and increase its
emphasis on franchises by selling most of the 508 company-owned stores at a rate of 40 per quarter, a process that could take until 2010 to complete. In doing
so, the company would reduce the percentage of company-owned stores to 5 percent from the current 25 percent, a transformation similar to the one she led at IHOP beginning in 2003.