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Pizza Hut Acquired for $2.7 Billion in Major Deal

KTSM••The Associated Press
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Pizza Hut is undergoing a significant ownership change as private equity firm LongRange Capital has agreed to purchase the brand for approximately $1.5 billion, excluding its operations in mainland China. Meanwhile, Yum China Holdings Inc. will acquire the mainland China segment for about $1.2 billion. This transaction, totaling around $2.7 billion, highlights the ongoing restructuring within the fast-food industry and could impact Pizza Hut's operations and strategy moving forward. The sale is crucial for both companies as they aim to streamline their businesses and focus on growth in their respective markets.

business food acquisition

People & Organizations

LongRange CapitalYum BrandsYum China Holdings Inc.

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