Pepsi is buying Poppi, the prebiotic soda sued last year for alleged deceitful marketing. PepsiCo announced on Monday that it has entered into an agreement to purchase Poppi for $1.95 billion,

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