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Pizza Hut Sold to Private Equity Firm and Other Company for $2.7 Billion

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Pizza Hut, once the crown jewel of junk food for at least two generations of Americans, is being sold off by parent company Yum Brands in a $2.7 billion deal, according to the Associated Press. Pizza Hut’s global operations will now be controlled by private equity firm LongRange Capital, with its Chinese operations being acquired separately by Yum China.

It might be difficult to imagine for anyone about 35 and below, but Pizza Hut was once America’s go-to pizza joint. It was interwoven within our lives, the default pizza option for anyone who didn’t live in a place like New York City, where objectively better, less corporate........

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