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Posted on: March 24, 2016, 10:37 a.m.
Yum! Brands, the owner of fast food chains Kentucky Fried Chicken, Pizza Hut, and Taco Bell, is exploring a sale of nearly 20% of its massive Chinese business, the Wall Street Journal reports. The company is in talks on a sale of 19.9% of its soon-to-come Chinese subsidiary Yum China to private equity firms, according to the report. The deal could value the entire Chinese operations at $10 billion. Full investment news article