Yum! Brands Sells Pizza Hut Business for $2.7 Billion
Yum! Brands has agreed to sell its Pizza Hut business in a deal valued at $2.7 billion. LongRange Capital will acquire the brand outside Mainland China, while Yum China Holdings acquires it within China. The transaction is expected to generate net proceeds of around $2.3 billion for Yum! after taxes and fees.
Topics: LongRange Capital Pizza Hut Yum China Holdings Yum! Brands