PepsiCo on the verge of acquiring healthy soda brand Poppi - Bloomberg

Investing.com -- PepsiCo (NASDAQ:PEP) Inc. is in the final stages of negotiations to acquire Poppi, a healthier soda brand, according to a report from Bloomberg, citing people with knowledge of the matter.

The transaction, which could be announced as early as next week, is said to be valued at over $1.5 billion. The sources, who wished to remain anonymous due to the confidential nature of the discussions, also indicated that the deal could still face delays.

Previously, PepsiCo had plans to launch its own functional soda named Soulboost. However, these plans were abandoned due to early signs of potential failure. Functional sodas, which contain lower sugar levels and additional ingredients such as prebiotics, probiotics, and added fiber, have been gaining popularity. These beverages claim to improve digestive health.

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