Yum! Brands is selling the chain to private equity firm LongRange Capital. The deal is expected to close in the third quarter. Yum! will now focus more on its better-performing Taco Bell and KFC chains. Michael Halen of Bloomberg Intelligence is on "Bloomberg Open Interest." (Source: Bloomberg)

Bloomberg's Michelle Davis joins Scarlet Fu on "Bloomberg Deals." Yum! Brands is in exclusive talks to sell its Pizza Hut chain to LongRange Capital, according to people familiar with the matter. (Source: Bloomberg)