Yum Brands Sells Pizza Hut for $2.7 Billion
Yum Brands announced the sale of its Pizza Hut division to LongRange Capital and Yum China for a total of $2.7 billion, allowing it to focus on Taco Bell, KFC, and Habit Burger & Grill. The deal includes separate purchases: LongRange acquiring operations outside mainland China for $1.5 billion and Yum China buying the Chinese business for $1.2 billion.
Tickers: $YUM
Topics: brand focus shift private equity acquisition restaurant industry