Struggling Pizza Hut restaurant chain will be sold for $2.7 billion (opens original article in a new tab)

The struggling Pizza Hut restaurant chain will be sold for $2.7 billion by parent company Yum Brands. Private equity firm LongRange Capital is buying Pizza Hut, excluding the mainland China business, for about $1.5 billion, while Yum China Holdings Inc. will purchase the mainland China Pizza Hut for approximately $1.2 billion.

• Pizza Hut is being sold for $2.7 billion by Yum Brands.
• LongRange Capital is buying Pizza Hut excluding mainland China for $1.5 billion.
• Yum China Holdings Inc. will purchase the mainland China Pizza Hut for $1.2 billion.