Premiere: No Bull

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COLOGNE, Germany -- A day after reports of a tie-up between energy drinks company Red Bull and Premiere AG, Red Bull has issued a statement saying it is not in talks with the Germany pay TV group.

Red Bull on Tuesday denied a report, first printed in newsweekly Focus, that it was negotiating a wide-ranging sponsorship deal with Premiere.

Red Bull spokeswoman Tina Sponer said the reports were completely baseless and that the Austrian company has had no such discussions with Premiere.
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