PepsiCo to acquire soda brand Poppi for nearly $2bn

884

PepsiCo will acquire healthier soda brand Poppi for $1.95 billion, the Purchase, New York-based soda giant announced on Monday, confirming an earlier Bloomberg News report.

The deal includes $300 million in expected cash tax benefits for a net purchase price of $1.65 billion. PepsiCo will make additional payouts if Poppi meets certain performance metrics, according to the announcement.