The acquisition comes as young consumers are increasingly ditching traditional soda in favor of healthier, more “functional” options. PepsiCo is sick of being left out of the prebiotic soda craze—and to catch up with competitors,

PepsiCo is making a nearly two-billion-dollar bet on the future of soda. Pepsi said it will acquire Poppi, a fast-growing prebiotic soda brand, the company said in a news release on Monday, Mar. 17. The $1.

WASHINGTON (TNND) — PepsiCo announced Monday that it will purchase the prebiotic soda brand poppi for nearly $2 million. The deal includes $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion as part of Pepsi's strategy to "offer more positive choices to our consumers."