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Pepsi Buys Sodastream for 3.2 Billion

PepsiCo (PEP) is buying one of the world’s top sparkling water brands, SodaStream (SODA), for $3.2 billion. 

The move — which was unanimously approved by the boards of both companies — will boost Pepsi’s efforts to shift from its traditional soft drinks business into healthier options.

SodaStream’s products are marketed as a healthy alternative to sugary sodas. This fits Pepsi’s goal of “making more nutritious products while limiting our environmental footprint,” Pepsi CEO Indra Nooyi said in a statement.