Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

PepsiCo., Nestle reportedly explored merger

No deal was reached because Nestle wanted to build a more health conscious business, according to the Wall Street Journal.

LONDON (CNNMoney.com) -- PepsiCo Inc. and Nestle explored a merger earlier this year but a number of complications got in the way of a deal, the Wall Street Journal reported Thursday.

PepsiCo, whose products include Pepsi-Cola and Doritos, approached Swiss-based Nestle to discuss a deal, the newspaper said, citing a source familiar with the matter.

But Nestle felt Pepsi, which is focused on snacks and soft drinks, could weaken its aim of building a more health conscious business, the report said.

No talks are ongoing now, according to the JournalTop of page