Can’t say this comes as a surprise. Struggling Seattle soda company Jones has signed a letter of intent to merge with Reed’s Natural Soda, a Los Angeles-based organic soft drink company.

According to MSN.Com:

"The non-binding provisions of the LOI contemplate a merger transaction in which Reed’s would acquire Jones Soda for a combination of cash and Reed’s common stock."

Alaska Airlines recently dropped Jones Soda, which it was serving on flights, in favor of Coca-Cola.

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