# Yum Sells Pizza Hut for $1.5 Billion _Yum Brands closed its $1.5B Pizza Hut sale to Long Range Capital while Apple accused OpenAI of destroying evidence in a trade secrets case._ **Published:** 2026-09-01 **Source:** https://www.startuphub.ai/ai-news/public-companies/2026/yum-sells-pizza-hut-for-1-5-billion --- Yum sells Pizza Hut to Long Range Capital for roughly $1.5 billion, subject to adjustments, with up to $75 million more on the table by 2030 if performance targets are hit, according to a report on the [Bloomberg Podcast](https://www.youtube.com/watch?v=PfnzcNUJIr4). Apple sues OpenAICore Apple escalates trade secrets case against OpenAI in new court filingFrom the article 2 mentionsApple accuses OpenAI of destroying evidence after a former iPhone engineer allegedly brought confidential information to his new role at the AI lab.Battery storage recordOutcomeFrom the articleBattery energy storage, one of the fastest-growing sources of capacity on the US power grid, added a record amount in the second quarter, according to the source.Yum sells Pizza HutCoreFrom the articleYum sells Pizza Hut to Long Range Capital for roughly $1.5 billion, subject to adjustments, with up to $75 million more on the table by 2030 if performance targets are hit, according to a report on the Bloomberg Podcast.Evidence destroyed allegationDriverApple claims OpenAI destroyed evidence after engineer allegedly leaked secretsApple sues OpenAICoreApple escalates trade secrets case against OpenAI in new court filingFrom the article 2 mentionsApple accuses OpenAI of destroying evidence after a former iPhone engineer allegedly brought confidential information to his new role at the AI lab.Battery storage recordOutcomeFrom the articleBattery energy storage, one of the fastest-growing sources of capacity on the US power grid, added a record amount in the second quarter, according to the source.Yum sells Pizza HutCoreFrom the articleYum sells Pizza Hut to Long Range Capital for roughly $1.5 billion, subject to adjustments, with up to $75 million more on the table by 2030 if performance targets are hit, according to a report on the Bloomberg Podcast.Evidence destroyed allegationDriverApple claims OpenAI destroyed evidence after engineer allegedly leaked secretsLong Range Capital buyerContextPrivate equity firm acquires Pizza Hut from Yum Brands portfolioFrom the articleYum sells Pizza Hut to Long Range Capital for roughly $1.5 billion, subject to adjustments, with up to $75 million more on the table by 2030 if performance targets are hit, according to a report on the Bloomberg Podcast.Up to 75M earnoutEffectAdditional payment contingent on Pizza Hut hitting performance targets through 2030From the articleThe Bloomberg Money Minute frames the deal as a clean divestiture with an earnout tied to future results.Former engineer leakDriverEx Apple iPhone engineer allegedly brought confidential data to new OpenAI roleFrom the article 2 mentionsOpenAI says it follows industry-wide recruiting standards and claims the engineer was just helping a former Apple colleague access cloud data. The [Bloomberg Money Minute](https://www.startuphub.ai/ai-news/public-companies/2026/bloomberg-money-minute-eu-trade-nvidia-earnings-openai-ipo) frames the deal as a clean divestiture with an earnout tied to future results. ## Apple escalates its OpenAI trade secrets fight Apple accuses [OpenAI](https://www.startuphub.ai/startups/openai) of destroying evidence after a former iPhone engineer allegedly brought confidential information to his new role at the AI lab. The full discussion can be found on **Bloomberg Podcast**'s YouTube channel. ![](https://img.youtube.com/vi/PfnzcNUJIr4/maxresdefault.jpg) Yum Sells Pizza Hut, Apple Sues OpenAI, US Battery Storage Soars, from Bloomberg Podcast OpenAI says it follows industry-wide recruiting standards and claims the engineer was just helping a former Apple colleague access cloud data. ## US battery storage posts a record quarter Battery energy storage, one of the fastest-growing sources of capacity on the US power grid, added a record amount in the second quarter, according to the source. An industry trade report suggests the sector is on pace for an all-time high this year. A restaurant divestiture, an AI trade secrets battle, and a grid-scale storage surge. Together, they sketch where capital and conflict are headed right now. --- Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory.