PepsiCo said Monday it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness,

PepsiCo agreed to acquire prebiotic soda brand Poppi for $1.95 billion, adding a drink with claims that it is good for the gut as sales of traditional sugary drinks go flat. The deal comes as the soda industry is facing fresh scrutiny from the Make America Healthy Again movement,

PepsiCo said on Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding in the "healthier soda" category at a time when the company is battling falling demand for its traditional beverages and snacks.