Mergers & Acquisitions ·
Yum! Brands, Inc. entered into agreements to sell its global Pizza Hut business (excluding China) to Toppings TopCo…
YUMYum Brands Inc
Yum! Brands, Inc. entered into agreements to sell its global Pizza Hut business (excluding China) to Toppings TopCo, LLC for $1.488 billion in cash and a potential $75 million earn-out. Additionally, the company is selling its Pizza Hut business in the People's Republic of China to Yum China Holdings, Inc. for $1.2 billion in cash. Yum! Brands, Inc. is a global restaurant company operating in the quick-service restaurant industry.