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Mercedes becomes global Masters sponsor, replacing ExxonMobil; UPS joins as secondary partner

Mercedes-Benz has upgraded its corporate involvement at the Masters by becoming one of three global sponsors.

Augusta National chairman Billy Payne said Tuesday that Mercedes-Benz is joining AT&T and IBM as the tournament's three main sponsors. The German-based automaker replaces ExxonMobil as a global sponsor.

Mercedes-Benz had been one of two international partners at the Masters for the last five years. UPS is the newest partner, joining Rolex.