Yum Brands to sell Pizza Hut for $2.7 billion

Yum Brands has announced the sale of the Pizza Hut restaurant chain for a total of $2.7 billion. The transaction comes as the Pizza Hut brand has been struggling in the market. This strategic move allows Yum Brands to divest the chain for the specified amount, marking a significant shift in its portfolio. The deal focuses on the transfer of the struggling restaurant chain to new ownership for the agreed price of $2.7 billion.