Marlboro owner invests $12.8 billion in e-cigarette maker Juul

Tobacco giant Altria (which owns Marlboro and Virginia Slims) has bought a 35 percent stake in Juul for $12.8 billion. The major deal pegs the e-cigarette company's valuation at $38 billion, which more than doubles its value since a previous investme…
Source: Engadget | Marlboro owner invests .8 billion in e-cigarette maker Juul