PepsiCo Inc. will acquire healthier soda brand Poppi for $1.95 billion, the Purchase, New York-based soda giant announced on Monday, confirming an earlier Bloomberg News report. The deal includes $300 million in expected cash tax benefits for a net purchase price of $1.

PepsiCo announced Monday it will acquire the Shark Tank-inspired probiotic soda brand poppi in a nearly $2 billion business deal.

PepsiCo is aquiring the prebiotic soda brand Poppi for $1.95 billion. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness,” PepsiCo Chairman and CEO Ramon Laguarta said in a statement,' according to the Associated Press.