Pizza Hut, overtaken by the arrival of delivery culture, will be sold for $2.7 billion

Pizza Hut is being sold by Yum Brands for $2.7 billion, with LongRange Capital acquiring the non-China business and Yum China Holdings Inc. purchasing the mainland China operations. The sale follows declining sales, competition from delivery services like DoorDash and Uber Eats, and a shift away from large dine-in restaurants.