Yum Brands sells struggling Pizza Hut to private equity LongRange Capital for $2.7 billion

Google News Top—The deal offloads Pizza Hut's US restaurant operations after years of declining same-store sales and store closures eroded the brand's market position. Yum China will also take a stake under the agreement. The transaction allows Yum Brands to focus on its stronger-performing KFC and Taco Bell chains.

• Google News Top — Struggling Pizza Hut chain to be sold for $2.7bn - BBC
• Financial Times — World — Yum Brands sells struggling Pizza Hut in bet on faster-growing businesses
• New York Post — Business — Pizza Hut to be sold for $2.7B after years of lagging sales
• ABC News — Struggling Pizza Hut restaurant chain sold for $2.7 billion to private equity
• BBC — Struggling Pizza Hut chain to be sold for $2.7bn
• Business Insider — Pizza Hut is getting a new owner: private equity firm LongRange buys chain in $1.5 billion deal
• The Independent (UK) — Yum! Brands sells struggling Pizza Hut restaurant chain to new owner in $2.7 billion transaction
• The Independent (UK) — Yum! Brands reaches deal to sell Pizza Hut's restaurant operations for $2.7 billion
• CBS News — years of declining sales preceded the $2.7B Yum Brands exit
• CNBC — buyer is LongRange Capital; Yum China also taking a stake in the deal