Simplify the following text for a Grade 8 native English-speaking person.
Original: In August 2001 , Quaker was bought out by Pepsico because Pepsi wanted to add Gatorade to its arsenal of beverages and thus break into the isotonic sports beverage market .
Simplified: In August 2001 , Quaker was bought out by Pepsico because Pepsi wanted to own Gatorade and be in the sports beverage market .