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Wednesday, April 21, 2021

Tag: PepsiCo

Pepsi to buy energy drink maker Rockstar for $3.85 billion

Photographer: Luke Sharrett/Bloomberg

(Reuters) - PepsiCo Inc (PEP.O) said on Wednesday it would buy Rockstar Energy Beverages for $3.85 billion, in the soda giant’s biggest push into the energy drinks market, where larger rival Coca-Cola Co (KO.N) has been rapidly expanding. PepsiCo has a smaller presence in the energy space with its Mountain Dew Kickstart and Mountain Dew Game Fuel brands. The company ...

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