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

Source: Business Insider

Yum! Brands has sold Pizza Hut in a $2. 7 billion deal that will split the property between two buyers: PE firm LongRange Capital and Yum China Holdings. Klaudia Radecka/NurPhoto via Getty ImagesYum! Brands has sold Pizza Hut amid declining sales and market competition challenges.