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Nestle to pay Starbucks $7.15 billion in global coffee alliance

Reuters: Business News
Nestle to pay Starbucks $7.15 billion in global coffee alliance
LONDON/ZURICH (Reuters) – Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain’s products around the world, tying a premium brand to Nestle’s global distribution muscle.

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