PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.

PepsiCo is acquiring prebiotic soda brand Poppi for almost $2 billion, the beverage giant said on Monday.

PepsiCo, announced today that it has entered into a definitive agreement to acquire Poppi, an Austin-based prebiotic soda brand, for $1.95 billion.