Pepsi is acquiring SodaStream for $3.2 billion

It’s been announced by PepsiCo that it will be acquiring home carbonated drinks maker SodaStream fir $3.2 billion.

The company, which makes machines that allow users to make their own fizzy drinks at home, has long been a competitor to Pepsi, taking away a segment of its customer base as people begin to shun traditional soft drink makers in favour of healthier options

The $3.2 billion price means PepsiCo will be paying $144 per SodaStream share – 32 percent above the average share price for the past 30 days.

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