PepsiCo is reportedly in the final stages of acquiring soda brand Poppi in a deal valued at over $1.5 billion, according to Bloomberg News. The announcement could come as early as next week, though discussions are still ongoing and could face delays.
Poppi, a Texas-based brand known for its healthier sodas, was founded by Allison and Stephen Ellsworth. Both PepsiCo and Poppi have not yet commented on the report.