Yum China takes full slice of Pizza Hut China in US$1.2 billion deal (opens original article in a new tab)

Yum China is acquiring full ownership of Pizza Hut in mainland China for US$1.2 billion, ending its licensing agreement with Yum! Brands and eliminating licensing fees. The deal is part of Yum! Brands' global divestment of Pizza Hut operations, with LongRange Capital acquiring non-China assets.

• Yum China will pay US$1.2 billion for full ownership of Pizza Hut in mainland China
• The deal ends Yum China's licensing agreement with Yum! Brands and eliminates licensing fees
• Yum! Brands is divesting global Pizza Hut operations, with LongRange Capital acquiring non-China assets