FTC sues to unwind tobacco company’s $12.8 billion Juul investment

FTC sues to unwind tobacco company’s $12.8 billion Juul investment

The FTC is taking aim at Altria’s $12.8 billion investment in Juul. Smith Collection/Gado/Getty Images The Federal Trade Commission is suing to unwind Altria’s $12.8 billion investment in vaping company Juul, saying they “turned from competitors to collaborators by eliminating competition.”  It alleged that tobacco company Altria, which also owns Marlboro and Virginia Slims, agreed […]