PepsiCo Inc. will acquire healthier soda brand Poppi for $1.95 billion, the Purchase, New York-based soda giant announced on Monday, confirming an earlier Bloomberg News report. The deal includes $300 million in expected cash tax benefits for a net purchase price of $1.

PepsiCo announced Monday it will acquire the Shark Tank-inspired probiotic soda brand poppi in a nearly $2 billion business deal.

PepsiCo said Monday it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category.