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Altria invests $12.8B in e-cigarette maker Juul

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Tobacco giant Altria Group Inc. invested $12.8 billion to buy a 35 percent stake in e-cigarette maker Juul Labs Inc., Bloomberg reports.

The deal values Juul at $38 billion.

Altria, which makes Marlboro cigarettes, will get one-third of Juul's board seats.

Read more from Bloomberg.

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