BREAKING NEWS

PepsiCo to buy SodaStream for $3.2 billion

AUGUST 20, 2018 09:53

Beverage giant PepsiCo announced plans to acquire the Tel Aviv-based SodaStream for $3.2 billion, CNBC reported on Monday.

The at-home carbonated drink-maker SodaStream has now a chance to broaden its reach through PepsiCo, while the latter plans to shift away from sugary products and introduce healthier alternatives.

The deal is expected to close by January 2019.

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