Morton's gets new owner

December 17, 2011 6:53:02 AM PST
Morton's Steakhouse is getting a new owner.

Landry's of Houston will buy the chain of restaurants for more than $116 million.

Landry's also operates Rainforest Cafe and the Bubba Gump Shrimp Company.

Morton's, which started in Chicago, now has 77 restaurants in 64 cities.