Chris Turner

Yum Brands is selling Pizza Hut for $2.7 billion, with LongRange Capital acquiring the U.S. and other regions for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China business for $1.2 billion. The sale follows declining sales and plans to close 250 U.S. restaurants due to outdated stores and competition.

Pizza Hut, a struggling restaurant chain owned by Yum Brands, is being sold for $2.7 billion. The sale includes $1.5 billion for the non-China business to LongRange Capital and $1.2 billion for the mainland China operations to Yum China Holdings Inc. The chain has faced declining sales, outdated stores, and competition.

Yum Brands is selling Pizza Hut for $2.7 billion, with LongRange Capital acquiring the non-China business for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China operations for $1.2 billion. The sale follows Pizza Hut's struggles with outdated stores and declining U.S. sales, including plans to close 250 U.S. restaurants.

Yum Brands will sell Pizza Hut for $2.7 billion, with LongRange Capital acquiring the non-China business for $1.5 billion and Yum China Holdings Inc. purchasing the mainland China operations for $1.2 billion. The sale follows Pizza Hut's struggles with outdated stores and competition, including plans to close 250 U.S. locations.

Louisiana public universities will gain authority to increase tuition and fees under new state laws, while also addressing hazing and deepfake-related harassment. Laws passed include provisions for differential tuition, punishment for violent hazing, and classifying deepfakes as power-based violence.