IHOP To Buy Applebees Chain For $1.9 Billion

The International House of Pancakes: opening up in a building near you.

ELGIN, IL – JULY 16: Signs mark the locations of neighboring IHOP and Applebee’s restaurants July 16, 2007 in Elgin, Illinois. IHOP has agreed to purchase the Applebee’s restaurant chain for about $2 billion. (Photo by Scott Olson/Getty Images)