---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-092305"
form_type: "8-K"
ticker: "YUM"
cik: "0001041061"
company_name: "YUM BRANDS INC"
filed_at: "2026-08-07T10:15:58+00:00"
generated_at: "2026-08-07T10:20:07.214395+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Yum! completes $1.2B sale of Pizza Hut China to Yum China

## Summary
- Sale of Pizza Hut China to Yum China closed Aug 7, 2026 for $1.2B in cash.
- A&R Master License Agreement removes Pizza Hut from PRC license; adds KFC/Taco Bell incentives.
- Yum China guarantees YCCL's obligations under the amended license agreement.
- Sale of Pizza Hut excluding Mainland China to LongRange Capital expected to close this month.

## SEC filing metadata
- accession: 0001104659-26-092305
- form_type: 8-K
- ticker: YUM
- cik: 0001041061
- company_name: YUM BRANDS INC
- filed_at: 2026-08-07T10:15:58+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041061/000110465926092305/0001104659-26-092305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041061/000110465926092305/tm2622152d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-092305
- JSON: https://secwatch.observer/filing/0001104659-26-092305.json
- Plain text: https://secwatch.observer/filing/0001104659-26-092305.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.