Pepsi Aquires Cult Favorite Healthier Soda, Poppi, in a $1.65 Billion Deal

PepsiCo announced Monday it has officially acquired Poppi, a healthier soda brand.

The move comes after PepsiCo’s acquisition of both food makers Siete and Sabra, all “aimed at aligning with consumers’ modern wellness priorities,” PepsiCo said in a statement.

The deal had a net price of $1.65 billion, with the acquisition costing $1.95 billion minus $300 million of anticipated cash tax benefits, according to PepsiCo.

Read more at AL.com