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BUSINESSJun 16 · 12:38 UTCWVBT FOX43 NORFOLKThe Associated Press

Struggling Pizza Hut sold for $2.7 billion by parent Yum Brands

Yum Brands is selling Pizza Hut, excluding its mainland China operations, to LongRange Capital for $1.5 billion and Yum China Holdings Inc. for $1.2 billion. The total transaction amounts to $2.7 billion.

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