Coke owns Sprite. Pepsi DOES NOT own 7-Up! Dr. Pepper and 7-Up are their own company, and are not owned by Coke or Pepsi! The Pepsi version is Sierra Mist.Source(s): My infinite store of useless knowledge.oke owns Sprite. Pepsi DOES NOT own 7-Up! Dr. Pepper and 7-Up are their own company, and are not owned by Coke or Pepsi! The Pepsi version is Sierra Mist.