Coca-Cola Hits Home Run With New Deal

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Major League Baseball announced it was dropping Pepsi as the league’s soda company in exchange for a new deal with its biggest rival: Coca-Cola (COKE).

 With the new deal, Coca-Cola becomes the official sponsor of MLB beverages.

The good news for Pepsi (PEP) lovers is that the deal won’t affect its 11 existing partnerships with teams such as the New York Yankees and the Chicago Cubs. Those stadiums will still be able to serve Pepsi, but the rest of them will sell nothing but Coke.

Coca-Cola products are already available in 18 stadiums and one MLB team has a deal with Zevia. Read more at CNN.

{Matzav}

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