Yum Brands has finalized the sale of Pizza Hut for $2.7 billion, signaling a major shift for the iconic restaurant chain. The deal, initially announced in June, concludes a period of struggle for Pizza Hut as it faced increasing competition in the fast-food market. Yum Brands’ decision to divest comes after years of attempts to revitalize the brand and regain market share proved unsuccessful. The transaction marks the end of Yum Brands’ ownership after nearly five decades. Details regarding the buyer were not immediately disclosed, but the sale is expected to be completed by the end of 2024. This move allows Yum Brands to focus on its other brands, including KFC and Taco Bell. The future direction of Pizza Hut under new ownership remains to be seen.