PepsiCo said 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 ...

The deal had a net price of $1.65 billion, with the acquisition costing $1.95 billion minus $300 million of anticipated cash tax benefits, according to PepsiCo.

April 24 (Reuters) - PepsiCo , opens new tab on Thursday cut its annual profit forecast as the soda and snacks giant signaled higher production costs and subdued consumer spending due to the ...