PepsiCo, an American multinational food, snack and beverage corporation, completed the acquisition of Rockstar Energy Beverages, the energy drink maker, for $3.9bn. "As we work to be more consumer-centric and capitalize on rising demand in the functional beverage space, this highly strategic acquisition will enable us to leverage PepsiCo's capabilities to both accelerate Rockstar's performance and unlock our ability to expand in the category with existing brands such as Mountain Dew. Over time, we expect to capture our fair share of this fast-growing, highly profitable category and create meaningful new partnerships in the energy space," Ramon Laguarta, PepsiCo Chairman and CEO.