It’s Official: Yum Has Sold Pizza Hut for $1.5B

The pizza chain king of the 1980s in America officially goes private (YUM:NYSE)

LongRange Capital completes $1.5B acquisition of Pizza Hut from Yum! Brands (excluding China).

It’s official: Yum has sold Pizza Hut for $1.5B

Taco Bell’s parent will focus on its other brands, while Pizza Hut can begin a turnaround sheltered from the immediate pressures of public markets.

Yum! Brands (YUM) Stock Slides as Pizza Hut Sale to LongRange Capital Finalizes

Yum! Brands (YUM) shares fell 0.68% as LongRange Capital finalized its Pizza Hut acquisition. Eduardo Luz named Interim CEO. Deal terms not revealed. The post Yum! Brands (YUM) Stock Slides as Pizza Hut Sale to LongRange Capital Finalizes appeared first on Blockonomi.

Yum! Brands (YUM) Stock Dips as LongRange Capital Completes Pizza Hut Acquisition

TLDR LongRange Capital has completed its acquisition of Pizza Hut from Yum! Brands (YUM), excluding Mainland China operations. Pizza Hut generates approximately $10 billion in system-wide sales globally. Eduardo Luz has been named Interim CEO of Pizza Hut under the new ownership. LongRange Capital...

LongRange Capital Completes Acquisition of Pizza Hut from Yum! Brands

STAMFORD, Conn.--(BUSINESS WIRE)--LongRange Capital (“LongRange”), a private equity firm with a customer-centric and operationally oriented approach to building and growing businesses, today announced that it has completed its acquisition of Pizza Hut, excluding Mainland China (“Pizza Hut”), from Yum! Brands, Inc. (NYSE: YUM) (“Yum!”). Founded in 1958, Pizza Hut is a global restaurant leader with approximately $10 billion in system-wide sales. F…