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Altria to buy $12.8 billion minority stake in e-cigarette company Juul

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The 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

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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.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

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.
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Altria takes 35 percent stake in Juul, valuing e-cigarette company at $38 billionAltria taking a stake in Juul marks a pivotal moment for the e-cigarette start-up. The move is likely to draw criticism but may help Juul navigate tightening regulations. Great time to add Tobacco to portfolios. Sector has been battered this year, but as 2019 proves very uncertain, solid businesses build of sticky revenue streams from addictive products, should help!
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

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?
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »