Pizza Hut Sold to Two Firms for $2.7 Billion

Yum China has agreed to acquire Pizza Hut's locations in mainland China as part of a larger deal. LongRange Capital, a private equity firm, will purchase Pizza Hut's locations in the United States and other countries. The total value of the sale is approximately $2.7 billion. The acquisition will result in the separation of Pizza Hut's operations between Yum China and LongRange Capital.

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