Pizza Hut to sell itself? Reports say Yum Brands (YUM.US) plans to divest its "underperforming" business, with private equity newcomer LongRange securing exclusive negotiation rights.

According to the latest information obtained by the Securities Times app, it is reported by insiders that Yum! Brands (YUM.US) is currently engaged in exclusive negotiations with LongRange Capital, planning to sell its Pizza Hut chain business.