Pizza Hut is getting a new owner: private equity firm LongRange buys chain in $1.5 billion deal

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Yum! Brands is selling Pizza Hut in a deal valued at $2.7 billion, with LongRange Capital and Yum China taking over the chain. This strategic move allows Yum! to refocus its operations on KFC, Taco Bell, and Habit Burger. The acquisition by LongRange Capital is notable as the private equity firm also maintains interests in diverse sectors, including 24 Hour Fitness and a company specializing in funeral caskets and urns for the deathcare industry.
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