Altria to buy 35 pct of JUUL Labs for $12.8 bln

Altria Group Inc said Dec. 20 that it acquired a 35 percent stake in JUUL Labs Inc for $12.8 billion. The deal values JUUL, an e-cigarette maker, at $38 billion. JUUL has raised $761.5 million in venture funding, crunchbase said. Investors include Tiger Global Management.

DealsNorth AmericaUSBriefs