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Altria board approves $13 billion investment in e-cigarette company Juul

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Altria's board of directors has approved a $12.8 billion investment for a 35 percent stake in Juul that will value the e-cigarette company at $38 billion, people familiar with the matter told CNBC.

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Drastically overpaid

Boom for $CRON!

I hope all those Altria Board members kids get 6 weeks of detention in high school using this poison! That’s what high schools are doing!

Terrible - unless you like marketing to teenagers - oh wait...

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Altria pays $12.8 billion for minority stake in e-cigarette company JuulMarlboro cigarette maker Altria Group Inc on Thursday announced it would pay $12... Making money off kids using nicotine... Its Marlboro. Whatever trading name they used its still Marlboro. I expect bans and restrictions to start getting lifted soon. A large com. Can pay out 12.8 billion for for a stake in another company but this Country can’t invest 5 Billion in the safety and security of our own citizens with border security. What is wrong here.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Altria to buy $12.8 billion minority stake in e-cigarette company JuulMarlboro cigarette maker Altria Group Inc will buy a 35 percent stake in Juul La... Ew, mango. The clean air alternative to nicotine addiction. 12.8 billion .... minority....smoking.
La source: Reuters - 🏆 2. / 97 Lire la suite »

Altria to buy $12.8 billion minority stake in e-cigarette company JuulThe deal, announced on Thursday, values San Francisco-based Juul at $38 billion, more than double the roughly $16 billion valuation it achieved in a July private funding round, highlighting what Altria sees as a growth path in the face of declining cigarette sales. 'We are taking significant action
La source: YahooNews - 🏆 380. / 59 Lire la suite »

Marlboro maker Altria takes 35% stake in e-cigarette company JUULMarlboro producer Altria took a 35% stake in JUUL, investing $12.8 billion in the e-cigarette maker. MadMoneyOnCNBC's Jim Cramer weighs in: MadMoneyOnCNBC Wait...big tobacco invested in e cigs? MadMoneyOnCNBC Are those e-cig IOT enabled?
La source: CNBC - 🏆 12. / 72 Lire la suite »