Yum China buys Pizza Hut China for $1.2B, aiming to expand and boost profits by 2029.

Yum Brands sells Pizza Hut for $2.7B, ending years of struggles for the pizza chain.

Yum Brands announced the sale of Pizza Hut to private equity firm LongRange Capital for about $1.5 billion, excluding mainland China locations which Yum China will acquire for $1.2 billion. The combined deals will bring Yum approximately $2.3 billion...