Who Just Made The Better Deal: Coke Or Pepsi?

The soda business is suddenly hot for everything but soda. Last month, PepsiCo (NASDAQ: PEP) announced it was acquiring sparkling water leader SodaStream (NASDAQ: SODA) for $3.2 billion in a play on healthier drinking options. Meanwhile, Coca-Cola (NYSE: KO) made its biggest acquisition ever with the $5.1 billion purchase of Costa Coffee, one of the largest retail coffee companies outside the U.S.As soda consumption continues its decades-long decline, it makes sense for Coca-Cola and PepsiCo to branch out from their core businesses.

BING NEWS:
  • Diet Coke button will return to Trump’s White House on Inauguration Day
    Trump's Diet Coke button and arrangements of furniture and portraits, among other details will revert once the president-elect moves back into the White House.
    12/26/2024 - 1:56 pm | View Link
  • Diet Coke fans celebrate possible switch to Coca-Cola in Costco food courts
    Costco hasn’t yet made an official announcement but, many people around the internet are saying that Costco food courts will soon be serving Coca-Cola products instead of Pepsi.
    12/23/2024 - 11:38 am | View Link
  • Fact Check: X post about RFK Jr ban on Diet Coke came from parody account
    A parody post from an X account purporting to belong to Robert F. Kennedy Jr. which said he would ban Diet Coke in the U.S. starting Jan. 20 has misled some readers who were seeing an edited version ...
    12/23/2024 - 1:11 am | View Link
  • Coke, PepsiCo lobby to keep sodas on the food stamp program, WSJ reports
    Robert Kennedy Jr., president-elect Trump’s nominee to run the Health and Human Services Department, want to remove soda and processed foods ...
    12/22/2024 - 10:40 pm | View Link
  • Coke, PepsiCo Lobby to Keep Sugary Sodas in Food-Stamp Program
    Robert F. Kennedy Jr., Trump’s nominee to lead HHS, wants to make sugary drinks ineligible for SNAP benefits ...
    12/22/2024 - 8:29 pm | View Link
  • More

 

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