Yum Brands sells Pizza Hut for $2.7B in two deals. Stock rises as company boosts buyback. The deal ends Pizza Hut’s long struggles and changes ownership.

Yum! Brands is selling Pizza Hut in two deals worth $2.7 billion. The company said Tuesday that private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland…

Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.