Pepsico is in advanced conversations to buy the healthiest poppi soda brand in an agreement valued at more than 1.5 billion dollars, Bloomberg News reported, citing people with knowledge of the matter.
The soda and snack giant could announce the agreement next week, according to the report. While deliberations are in an advanced phase, they could still be delayed.
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Poppi, based in Austin, Texas, was founded by Allison Ellsworth and Stephen Ellsworth.
Pepsico and Poppi did not respond immediately to Reuters comments.
With Reuters information
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