Yum! Brands to sell Pizza Hut for $2.7 billion in two transactions

Pizza Hut is being split into separate global and Mainland China operations for an aggregate price of $2.7 billion.

Quick service restaurant conglomerate Yum! Brands has entered into definitive agreements to sell its Pizza Hut pizzeria chain for $2.7 billion. That figure includes a $1.5 billion deal to sell all Pizza Hut operations outside Mainland China to private equity firm LongRange Capital for approximately $1.5 billion, as well as a $1.2 billion agreement to sell Pizza Hut Mainland China to Yum China, its former Chinese subsidiary which has operated as an independent company since 2016, for about $1.2 billion...   ...more

RSK: I bet some of these will close down or go up for sale, so keep an eye out to make a deal on these.