PepsiCo said Monday that it is buying prebiotic soda brand Poppi for nearly $2 billion. While soda consumption has broadly fallen over the last two decades in the U.S., prebiotic sodas, fueled by industry newcomers Poppi and Olipop,

PepsiCo announced on Monday that it is acquiring Austin-based prebiotic soda brand Poppi for over $1.6 billion. The buying price is $1.95 billion, but the net purchase totals $1.65 billion after factoring in $300 million in anticipated cash tax benefits,

PepsiCo announced on Monday that it has entered into an agreement to purchase prebiotic soda brand Poppi for $1.95 billion.