PepsiCo announced on Monday that it has entered into an agreement to purchase prebiotic soda brand Poppi for $1.95 billion.

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New York (CNN) — PepsiCo is buying Poppi, the popular prebiotic soda brand, in a $1.65 billion deal.

The deal boosts the food and beverage company's health-focused portfolio as consumers demand more better-for-you options.

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WASHINGTON (TNND) — PepsiCo announced Monday that it will purchase the prebiotic soda brand poppi for nearly $2 million. The ...

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Allison Ellsworth, the co-founder of Austin, Texas-based Poppi, said the combination with PepsiCo will expand Poppi’s reach.