PepsiCo ( PEP) will acquire prebiotic soda brand Poppi for $1.65 billion, the snack and beverage giant said Monday. PepsiCo said the deal includes expected cash tax benefits of some $300 million, putting its total value just shy of $2 billion.

PepsiCo announced Monday it will acquire the Shark Tank-inspired probiotic soda brand poppi in a nearly $2 billion business deal.

The deal boosts the food and beverage company's health-focused portfolio as consumers demand more better-for-you options.