PepsiCo Inc. is in advanced talks to buy healthier soda brand Poppi, according to people with knowledge of the matter.

PepsiCo is reportedly in final stage talks to buy the US-based better-for-you soda brand Poppi, with a deal said to be close. According to Bloomberg, the Mountain Dew owner is looking to buy the brand for more than $1.

PepsiCo had planned to launch its own so-called functional soda under the brand Soulboost but decided to scrap that effort because of early indicators it wouldn’t succeed.

PepsiCo is in advanced talks to buy healthier soda brand Poppi in a deal worth more than $1.5 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter. The soda and snacks giant could announce the deal as soon as next week,

PepsiCo is reportedly nearing a deal to acquire Poppi, a healthier soda brand, for over $1.5 billion, according to Bloomberg News. The deal, which is in advanced stages, could be announced next week but may still face delays.

PepsiCo Inc. is in advanced talks to buy healthier soda brand Poppi, according to people with knowledge of the matter. Bloomberg's Kenneth Shea has more on the story.

And although the brand experienced some recent backlash due to a vending machine controversy, PepsiCo is reportedly in “advanced talks” to buy the popular healthy soda brand. Based in Austin, Texas, Poppi was founded by Allison Ellsworth and Stephen Ellsworth in 2018 as “Mother Beverage.