Marlboro maker Altria is in talks to buy vaping startup NJOY for at least $2.75 billion
Marlboro maker Altria Group Inc. is in advanced talks to buy e-cigarette startup NJOY Holdings Inc. for at least $2.
75 billion, according to people familiar with the matter, moving to take over a new vaping brand afterThe deal for NJOY, one of the few e-cigarette makers whose products have clearance from federal regulators, could be announced as soon as this week, the people said, though the talks could still fall apart. The proposed deal includes an additional $500 million earnout if certain regulatory milestones are met, the people said.
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