Pizza Hut Gets New Owners In $2.7 Billion Sale

Yum! Brands, the mother of Pizza Hut, has agreed to sell Pizza Hut in a $2.7 billion deal, with Yum China acquiring the mainland China business and LongRange Capital purchasing the remaining global operations. The move follows declining sales, rising competition, and changing consumer habits. After the sale, Yum Brands will focus on KFC and Taco Bell.