08:46 AM EDT, 03/17/2025 (MT Newswires) -- PepsiCo ( PEP ) said Monday it agreed to acquire the poppi prebiotic soda brand for $1.95 billion, which includes expected cash tax benefits of $300 million for a net purchase price of $1.65 billion.

The company also said the deal includes a potential earnout based on reaching certain performance milestones within a period following closing, which is subject to regulatory approval and other closing conditions.