PepsiCo Inc. will acquire healthier soda brand Poppi for $1.95 billion, the Purchase, New York-based soda giant announced on Monday, confirming an earlier Bloomberg News report. The deal includes $300 million in expected cash tax benefits for a net purchase price of $1.

PepsiCo Inc. announced Monday plans to acquire the Shark Tank-inspired probiotic soda brand poppi in a nearly $2 billion deal. "We've been evolving our food and beverage portfolio over many years, including by innovating with our brands in new spaces and through disciplined,

PepsiCo’s Poppi acquisition proves just how rewarding disrupting traditional categories and building a strong brand can be, even in highly competitive spaces.