Juul Inks Deal With Tobacco Company Altria
- 5 years ago
Juul Inks Deal With
Tobacco Company Altria Altria took a 35% stake
in the e-cigarette start-up. The percentage equates
to $12.8 billion and is
Altria's biggest investment. Altria values
Juul at $38 billion. Juul is slated to receive $2 billion
in Altria dividends alone from the deal. The controversial start-up has
decided to share those
dividends with its employees. The deal could
make each of Juul's
1,500 employees
a millionaire,
Tobacco Company Altria Altria took a 35% stake
in the e-cigarette start-up. The percentage equates
to $12.8 billion and is
Altria's biggest investment. Altria values
Juul at $38 billion. Juul is slated to receive $2 billion
in Altria dividends alone from the deal. The controversial start-up has
decided to share those
dividends with its employees. The deal could
make each of Juul's
1,500 employees
a millionaire,