Yum! Brands (YUM) is acquiring Dragontail Systems Limited as it seeks to enhance its global delivery capabilities. The acquisition will also allow the company to integrate new technology talent. Additionally, it should be able to scale Dragontail’s artificial intelligence (AI) order management and delivery technology globally. Under the terms of the deal, Yum! Brands is to pay A$93.5 million in cash. The acquisition should close in the third quarter, subject to Australian Federal Court approval. Dragontail shareholders will also have to authorize the takeover. With the acquisition, Yum! Brands will gain access to a unique delivery platform designed to optimize and manage the entire food preparation process.
https://www.tipranks.com/news/yum-brands-to-acquire-dragontail-systems-to-enhance-global-delivery
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Yum Brands Charts.
Yum Brands (NYSE:YUM)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Yum Brands Charts.