Pepsi Acquires Poppi Prebiotics
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own prebiotic soda brandCNBC
•Business
Business & Economics
PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion
73% Informative
Pepsi said it plans to acquire the upstart Poppi for $1.95 billion .
The deal includes $300 million of anticipated cash tax benefits.
The prebiotic soda brand launched in 2018 , the same year that rival Olipop was founded.
Pepsi did not say when the deal is expected to close, pending regulatory approval.
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69
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