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Yum Brands sells Pizza Hut in $2.7bn deal
MUMBAI: Yum Brands is selling struggling fast food chain Pizza Hut in a $2.7 billion deal to two entities, the American company said on Tuesday. As part of the transactions, the Pizza Hut business excluding Mainland China will be bought by private equity (PE) firm LongRange Capital for nearly $1.5 billion while the China operations will be sold to Yum China Holdings for about $1.2 billion.
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apnews.com
Struggling Pizza Hut restaurant chain will be sold for $2.7 billion
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…
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cnbc.com
Yum Brands sells Pizza Hut to private equity firm LongRange Capital and Yum China for $2.7 billion
Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.
