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Multinational giant PepsiCo has acquired Poppi, a brand of prebiotic "healthy" sodas that are part of the growing functional beverage market.

PepsiCo is buying Poppi, the popular prebiotic soda brand, in a $1.65 billion deal.

Pepsi will acquire the upstart prebiotic soda brand Poppi for nearly $2 billion. It may be a sign of the growing interest in the functional beverage market.