Yum! Brands has reached an agreement to sell the pizza chain for $2.7 billion.
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Yum! Brands is parting ways with Pizza Hut in a split deal valued at $2.7 billion. The move sees the global brand transition into the hands of private equity investors.
According to a report from Salon Food, the transaction marks a significant shift in ownership for the well-known pizza chain as private equity firms increase their appetite for the sector.
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