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

PepsiCo is acquiring prebiotic soda brand Poppi for almost $2 billion, the beverage giant said on Monday.

PepsiCo Inc. announced Monday plans to acquire the Shark Tank-inspired probiotic soda brand poppi in a nearly $2 billion deal. "We've been evolving our food and beverage portfolio over many years, including by innovating with our brands in new spaces and through disciplined,