Yum! Brands, via press release two days ago:

Yum! Brands, Inc. […] today announced that it has entered into definitive agreements to sell Pizza Hut for $2.7 billion in the aggregate, subject to certain purchase price adjustments.

With this sale, there’s no more meeting at the combination Pizza Hut and Taco Bell. (Which I guess was already true.)

Fortunately, we remain blessed with the combination KFC and Taco Bell—the KenTaco.

Pizza Hut is being purchased by LongRange Capital, which also owns 24 Hour Fitness and sells caskets, “which is either a coincidence or the most complete business plan ever written.”