In an estimated $18 billion takeover, Keurig Dr Pepper will acquire Europe-based JDE Peet's Coffee and subsequently split into two companies, one focusing on coffee and the other on soft drinks. The all-cash deal, expected to be completed by midyear 2026, would unite Keurig's namesake coffee pods and accoutrements with Peet's products into one entity. Dr Pepper, Snapple and 7UP would head up the non-coffee business, The New York Times reported.