PepsiCo buys prebiotic soda brand Poppi for more than $1.6 billion
1. PepsiCo acquires Poppi for $1.95 billion, targeting prebiotic soda market. 2. Poppi's sales exceeded $100 million in 2023, reflecting strong market demand. 3. Regulatory approval is pending for Pepsi's acquisition of the health-focused brand. 4. Poppi settled a health claims lawsuit for $8.9 million, impacting its reputation. 5. Rival Olipop is valued at $1.85 billion, signaling strong competition.