The deal, announced this morning, will bring Poppi’s range of 14 colorful, low-sugar, prebiotic-packed sodas into Pepsi’s expansive existing beverage portfolio.

PepsiCo (PEP, Financial) confirmed a strategic deal to acquire Poppi for $1.95 billion, including $300 million in anticipated cash tax benefits for a net purchase price of $1.65 billion, according ...