CompletedFood & Drink7 August 2026

Yum China Holdings, Inc. to acquire Yum! Brands, Inc.

Verified deal facts, source-backed narrative, and the Exit Mode founder lens for SME readers preparing to sell.

Deal facts

Buyer
Yum China Holdings, Inc.
Target
Yum! Brands, Inc.
Deal value
USD 1,200,000,000
Announced
7 August 2026
Status
Completed
Sector
Food & Drink
Country
United States
Consideration
cash
What we know

Yum China Holdings, Inc. has agreed to acquire Yum! Brands, Inc. in a strategic acquisition within the Food and Drink sector. The transaction, announced and completed on 7 August 2026, involves a cash consideration valued at 1.2 billion US dollars. This headline offer represents the total value of the deal as reported by the parties involved. The buyer is based in China, while the target company operates from the United States. The deal structure is classified as a strategic acquisition, indicating a move by the acquiring entity to expand its portfolio or market presence through the purchase of the target business. No other forms of consideration were reported for this specific transaction. The financial details provided reflect the agreed headline offer price at the time of completion.

The transaction has been successfully completed as of the announcement date. Both the buyer and the target are situated in different countries, with the acquiring firm operating from China and the target being a US-based entity. The sector classification places the deal firmly within the Food and Drink industry. The consideration was provided entirely in cash, with no equity or other instruments mentioned in the available data. The deal value stands at 1.2 billion US dollars. The last recorded status confirms that the acquisition is now complete. The transaction is final and no further regulatory steps are pending.

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Deal timeline

1 update
  1. CompletedClosed

    Yum China Holdings, Inc. completes acquisition of Yum! Brands, Inc.

    Item 1.01 Entry into a Material Definitive Agreement. A&R MLA On August 7, 2026, in connection with the completion of the China Transaction (as defined in Item 2.01 below), YRI China Franchising, LLC (“ YRICF ”), a subsidiary of Yum! Brands, Inc. (the “ Company ”), entered into that certain Amended and Restated Master License Agreement (the “ A&R MLA ”) with Yum Restaurants Consulting (Shanghai) C

    Source

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Methodology

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