Yum! Brands Completes Sale of Pizza Hut Ex-China for $1.5B
Yum! Brands completed the sale of Pizza Hut, excluding Mainland China, to LongRange Capital for about $1.5 billion, subject to adjustments, with an earn-out opportunity of up to $75 million by 2030. Combined with the previously closed sale of Pizza Hut in Mainland China to Yum China on Aug. 7, 2026, Yum! completes its Pizza Hut divestment totaling $2.7 billion in aggregate.