Yum! Completes Pizza Hut Sale in $2.7B Split Deal
Yum! Brands has completed the sale of Pizza Hut, excluding Mainland China, to LongRange Capital in a deal valued at nearly $1.5 billion, subject to certain adjustments. The agreement also gives Yum! the opportunity to receive an additional $75 million earn-out by 2030 based on future performance.
The transaction follows the previously announced sale of Pizza Hut China to Yum China Holdings, which closed on Aug. 7, 2026. Together, the two transactions complete Yum!’s divestiture of the Pizza Hut business...
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