PEPSICO SAYS IT WILL BUY SODASTREAM FOR $3.2B
PepsiCo announced Monday it is buying personal-beverage-making device company SodaStream for $3.2 billion. SodaStream sells a countertop device that enables consumers to quickly turn tap water into carbonated water. Flavor can be added with special drops and syrups. Six months ago, PepsiCo launched Bubly, its own line of flavored sparkling water. The deal is one of the last by Pepsi CEO and Chairman Indra Nooyi, who is to retire in October, and comes as the beverage and snack giant continues to diversify away from sugary sodas.