Add as a preferred source on GooglePepsiCo Estimates Poppi Performance Payment at About $12M
The estimate was made as of Sept. 5, while the prebiotic soda brand falls short of growth targets required for a bonus payment.
PepsiCo estimated performance-based payments tied to its acquisition of Poppi at about $12 million as of Sept. 5, as the prebiotic soda brand falls short of the growth targets required for a bonus payment.
The estimate covers payments linked to PepsiCo’s acquisition of Poppi. The company indicated that the brand has not reached the growth targets required to qualify for the payment.
The figure represents an estimate of the performance-based payment tied to the deal, rather than the total value of the acquisition.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.