02:15 PM EDT, 08/29/2025 (MT Newswires) -- Kraft Heinz ( KHC ) is moving closer to its plan to break up the company into two separate units, The Wall Street Journal reported Friday, citing people familiar with the matter.

A potential deal could be announced as soon as next week, the people said, adding that the final plans and timing could still be subject to changes, the report noted.

According to the report, Kraft's potential split would undo much of the work done when Kraft and Heinz merged in 2015, a deal that was arranged by Warren Buffett and 3G Capital Partners.

The company is betting that two separate units would be worth more together than Kraft Heinz's ( KHC ) $33 billion market value, the report added.

Kraft Heinz ( KHC ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 27.86, Change: +0.62, Percent Change: +2.28