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Pizza Hut is getting a new owner: private equity firm LongRange buys chain in $1.5 billion deal
Yum! Brands sold Pizza Hut in a $2.7 billion deal to private equity firm LongRange Capital and Yum China Holdings. LongRange will acquire Pizza Hut outside mainland China for $1.5 billion, while Yum China will take the mainland China business for $1.2 billion. Yum! Brands will refocus on KFC, Taco Bell, and Habit Burger.
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