PepsiCo said Monday that it is buying prebiotic soda brand Poppi for nearly $2 billion. While soda consumption has broadly fallen over the last two decades in the U.S., prebiotic

PepsiCo agreed to acquire prebiotic soda brand Poppi for $1.95 billion, giving the company a stronger foothold in the prebiotic soft-drink market.The snacks and soda maker said the deal includes $300 million of anticipated cash tax benefits,

PepsiCo ( NASDAQ: PEP) announced on Monday that it has struck a deal to acquire Poppi for $1.95 billion, including $300 million of anticipated cash tax benefits, for a net purchase price of $1.65 billion.