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Yum to Sell Pizza Hut; Dave & Buster’s Sinks | Stock Movers

Yum to Sell Pizza Hut; Dave & Buster’s Sinks | Stock Movers
Bloomberg Markets Tuesday 16 June 2026, 14:33 UTC 1 min read
Key Points

Jun 16th, 2026 Yum to Sell Pizza Hut; Dave & Buster’s Sinks | Stock Movers On this episode of Stock Movers with Alexis Christoforous: - Yum! Brands (YUM) agreed to sell its struggling Pizza Hut chain for $2.7 billion to a private equity firm and its China business. LongRange Capital will acquire Pizza Hut ex-China for $1.5 billion, Yum said in a statement Tuesday.

Jun 16th, 2026 Yum to Sell Pizza Hut; Dave & Buster’s Sinks | Stock Movers On this episode of Stock Movers with Alexis Christoforous: - Yum! Brands (YUM) agreed to sell its struggling Pizza Hut chain for $2.7 billion to a private equity firm and its China business. LongRange Capital will acquire Pizza Hut ex-China for $1.5 billion, Yum said in a statement Tuesday. Yum China Holdings Inc. will buy the rest of the business for $1.2 billion. The transactions are expected to close in the third quarter. - Dave & Buster’s (PLAY) shares tumble after the operator of restaurant and entertainment facilities reported comparable sales for the first quarter that missed the average analyst estimate. Research firm Benchmark downgraded the stock, citing a lack of confidence that same-store sales will stabilize/eventually turn positive this year. - Robinhood Markets (HOOD) shares are up after it said it is reducing its full-time employee workforce by 10%, and also closing a small number of open roles. [Image text:] Pizzatut Dizza YUM! BRANDS 156.64 1.97 YUM TOSELLSTRUGGLING PIZZAHUT CHAINFOR$2.7B
Pizza Hut (ORG) Dave & Buster’s (ORG) Stock Movers (ORG) Alexis Christoforous: - (PERSON) China (LOCATION) LongRange Capital (ORG) Pizza Hut ex-China (ORG) Yum (ORG) Yum China Holdings Inc. (ORG) - Dave & Buster’s (ORG) - Robinhood Markets (ORG)
Originally published by Bloomberg Markets Read original →

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