PepsiCo is the first major soda conglomerate to purchase an established prebiotic soda. The post PepsiCo Buys Poppi — What Does This Mean For The Prebiotic Soda Brand? first appeared on Spoon University.

PepsiCo announced on Monday that it is acquiring Austin-based prebiotic soda brand Poppi for over $1.6 billion. The buying price is $1.95 billion, but the net purchase totals $1.65 billion after factoring in $300 million in anticipated cash tax benefits,

PepsiCo is reportedly in final stage talks to buy the US-based better-for-you soda brand Poppi, with a deal said to be close. According to Bloomberg, the Mountain Dew owner is looking to buy the brand for more than $1.