Yum Brands is selling Pizza Hut to private equity firm LongRange Capital and Yum China for about $2.7 billion combined. After ten straight quarters of falling US sales, the parent company is cutting loose the brand that built it.
Chicago’s Ingredion is buying Britain’s Tate & Lyle for $3.6 billion in cash at a 59% premium. The deal is a bet that the GLP-1 weight-loss boom is rewiring what the world wants to eat.
Record revenue, a $638 billion backlog, 93% cloud infrastructure growth. And Wall Street punished Oracle harder than any day in years, because investors finally did the math on what serving OpenAI actually costs.