PepsiCo ( PEP) will acquire prebiotic soda brand Poppi for $1.65 billion, the snack and beverage giant said Monday. PepsiCo ...

PepsiCo said Monday it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category.

In the latest revelation, PepsiCo has inked an agreement to acquire poppi, which is a fast-growing prebiotic soda brand, worth $1.95 billion. This amount comprises $300 million of estimated cash ...

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