YUM! Brands agrees to sell Pizza Hut for $2.7 billion

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Go back to YUM! Brands agrees to sell Pizza Hut for $2.7 billion

Yum! Brands, Inc. Enters into Agreements to Sell Pizza Hut for $2.7 Billion

June 16, 2026 8:00 AM EDT

Pizza Hut, excluding Mainland China, to be Acquired by LongRange Capital; Pizza Hut in Mainland China to be Acquired by Yum China Holdings, Inc. in Separate Transactions 

Key highlights:

Positions Yum! Brands for Long-Term Growth and Shareholder Value Creation Completes Yum!s Previously Announced Strategic Review of Pizza Hut Yum! Brands and Yum China Partner on KFC System Sales Growth Incentives Board Approves Incremental $4 Billion Share Repurchase Authorization

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Yum! Brands, Inc.... More