MLB drops Pepsi for Coca-Cola

Major League Baseball announced yesterday it's dropping Pepsi in favor of rival Coca-Cola.

Coca-Cola becomes the official sponsor of MLB beverages through the deal.

However, Pepsi's 11 existing partnerships with teams such as the New York Yankees and the Chicago Cubs won't be done away with. Those stadiums will still be able to serve Pepsi, while the rest will sell only Coke products.

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