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PepsiCo said Monday it's acquiring the prebiotic soda brand Poppi for USD 1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness, PepsiCo Chairman and CEO Ramon Laguarta said in a statement. PepsiCo said the transaction includes USD 300 million of anticipated cash benefits, bringing the net purchase price to USD 1.65 billion. Allison Ellsworth, the co-founder of Austin, Texas-based Poppi, said the combination with PepsiCo will expand Poppi's reach. We can't wait to begin this next chapter with PepsiCo to bring our soda to more people and I know they will honor what makes Poppi so special while supporting our next phase of growth and innovation, Ellsworth said in a statement. Ellsworth developed Poppi then known as Mother Beverage -- in her kitchen in 2015 becau