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December 20, 2018 01:28 pm GMT

Juul Labs gets $12.8 billion investment from Marlboro maker Altria Group

After a long year fighting underage use of its products, Juul Labs has today struck a deal with Altria Group, the owners of Philip Morris USA and makers of Marlboro cigarettes. The deal values Juul at $38 billion, according to Bloomberg, and injects the company with a fresh $12.8 billion in exchange for a 35 […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nryu_S0P4BE/

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