PepsiCo close to $1.5B+ deal for Poppi soda brand, Bloomberg reports
PepsiCo (PEP) is close to a deal to buy Poppi, a 'healthier' soda brand, for more than $1.5B, Bloomberg's Gillian Tan, Deena Shanker, and Crystal Tse report. A deal could be announced as soon as next week, people with knowledge of the matter say. PepsiCo had planned to launch its own 'functional' soda under the brand Soulboost, but decided to halt the effort due to early indicators it wouldn't succeed, the report notes.
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