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“PIZZA HUT RESTAURANT CHAIN TO BE SOLD FOR $2.7 BILLION”
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The Strait of Hormuz is only 21 miles wide at its narrowest!
Despite its tiny width, ~20% of the world's oil supply passes through it daily — roughly 21 million barrels. It's the world's single most critical energy chokepoint, linking the Persian Gulf to the open ocean.
This storyShould Trump charge tolls in the Strait of Hormuz if Iran talks fail?
This storyPizza Hut was founded in 1958 with a loan of how much?
- $600
- $6,000
- $60,000
- $600,000
Guess, then reveal the answer
$600
Pizza Hut's founders borrowed just $600 from their mom to start it!
Brothers Dan and Frank Carney opened the first Pizza Hut in Wichita, Kansas in 1958 with a $600 loan from their mother. Now the chain is being sold for $2.7 billion.
Pizza Hut was once owned by PepsiCo — along with KFC and Taco Bell!
PepsiCo bought Pizza Hut in 1977, then spun off all three chains in 1997 into Tricon Global Restaurants — which became Yum! Brands in 2002, the current seller in this $2.7B deal.
This storyWhat's the biggest reason Pizza Hut's value dropped to $2.7B?
