Pepsi to Acquire Prebiotic Soda Brand Poppi for Nearly $2 Billion. What We Know

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, according to a news release. The acquisition will allow PepsiCo to “evolve its portfolio” and expand its “better-for-you offerings.” PepsiCo did not share when the sale would finalize.

Last summer, Poppi was sued over claims that its drinks don’t contain enough prebiotic fiber to cause “meaningful gut health benefits.” Poppi told USA TODAY on Monday that it reached an $8.9 million settlement with the plaintiffs and is awaiting court approval.

Lawsuit aside, PepsiCo’s purchase will mark the company’s first step into the prebiotic soda industry, which has grown in recent years with the popularity of brands like Olipop, Culture Pop and most recently, Coca-Cola’s Simply Pop.

With the acquisition underway, here’s more to know about Poppi.