Yum! Brands to Sell Pizza Hut in $2.7B Two-Part Deal
Yum! Brands is selling Pizza Hut in a pair of transactions worth $2.7 billion, splitting the business between LongRange Capital and Yum China as it sharpens its portfolio focus.
Under the agreements, LongRange will acquire Pizza Hut outside Mainland China for about $1.5 billion, with Yum! eligible for a further $75 million earn-out by 2030. Yum China will acquire Pizza Hut’s Mainland China business for about $1.2 billion.
The move follows a strategic review launched in November 2025
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