Altria spending 128B for a stake in evapour company JUUL

first_imgRICHMOND, Va. — Altria is spending $12.8 billion for a stake in e-vapour company JUUL as one of the world’s biggest tobacco companies tries to offset declining cigarette use.Altria Group Inc. said Thursday that its investment puts the value of JUUL Labs Inc. at $38 billion.JUUL will remain a fully independent company and have access to Altria’s infrastructure and services.The Associated Presslast_img

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