Yum! Brands Spins Off Pizza Hut for $2.7 Billion To Private Equity

Yum! Brands is selling Pizza Hut, excluding Mainland China, to LongRange Capital for $1.5 billion. Pizza Hut Mainland China will be acquired by Yum China for $1.2 billion. Yum! leadership and the board of directors say the sale is the strongest path to maximize shareholder value, while providing Pizza Hut with an ownership structure tailored … Continued The post Yum! Brands Spins Off Pizza Hut for $2.7 Billion To Private Equity appeared first on D Magazine.