The Coca-Cola Company owns Sprite. Indeed, born as an independent brand and developed in West Germany in 1959. In the 1960s, Sprite became quite popular, becoming associated with the hip-hop and basketball culture by the 1980s. The Coca-Cola Company acquired the rights to Sprite’s brand in 1960. Today Sprite is part of the Coca-Cola empire, a powerhouse of drinks brands that generated $43 billion in 2022.