# YUM BRANDS INC (YUM) — divestiture/asset_sale [announced]
Source: sec.gov · situation sit_6f2063360ac308b02951 · public 2769813532862750087 · retrieved 2026-09-03T06:18:02.369Z

## Overview
Yum! Brands, Inc. franchises or operates more than 44,000 restaurants in 151 countries and territories under its iconic brands—KFC, Taco Bell, and Habit Burger & Grill.

Yum! Brands, Inc. completed the sale of its global Pizza Hut business (excluding Mainland China) to Toppings TopCo, LLC (LongRange Capital) on September 1, 2026, for $1,488,000,000 in cash, subject to certain purchase price adjustments under the Equity Purchase Agreement dated June 16, 2026. The transaction also includes an opportunity for Yum! to receive an additional earn-out of $75 million by 2030 based on future performance. Together with the previously completed sale of Pizza Hut in Mainland China to Yum China Holdings, Inc. on August 7, 2026, the total aggregate consideration for the complete Pizza Hut divestiture is $2.7 billion.

## Terms
- Counterparty: Toppings TopCo, LLC (LongRange Capital) · Deal value: $1.49B · Consideration: cash

## Key dates
- Announced 2026-09-01

## Timeline
- 2026-09-01 · 8-K (0001041061-26-000187): 8-K - YUM BRANDS INC — *Yum! Brands, Inc. franchises or operates more than 44,000 restaurants in 151 countries and territories under its iconic brands—KFC, Taco Bell, and Habit Burger & Grill.* Yum! Brands, Inc. completed the sale of its global Pizza Hut business (excluding Mainland China) to Toppings TopCo, LLC (LongRange Capital) on September 1, 2026, for $1,488,000,000 in cash, subject to certain purchase price adjustments under the Equity Purchase Agreement dated June 16, 2026. The transaction also includes an opportunity for Yum! to receive an additional earn-out of $75 million by 2030 based on future performance. Together with the previously completed sale of Pizza Hut in Mainland China to Yum China Holdings, Inc. on August 7, 2026, the total aggregate consideration for the complete Pizza Hut divestiture is $2.7 billion.
  https://www.sec.gov/Archives/edgar/data/1041061/0001041061-26-000187.txt

## Citations
- 0001041061-26-000187 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000104106126000187