Private equity is buying Pizza Hut, but it’s not getting the whole pie (opens in new tab)

Fast food company Yum Brands is selling its most iconic brand: Pizza Hut. The deal will see Yum receive a $2.7 billion payout for the pizza chain, which was originally founded in Kansas in 1969. Here’s what you need to know about the sale and how Yum Brands stock (NYSE: YUM) is reacting. What’s happened? Today, Yum Brands But Pizza Hut isn’t just going to one buyer. Yum is selling the brand to two different entities. The first is the private equity firm LongRange Capital. Pizza Hut will be th...