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Nestle's Starbucks Deal Is Buzz-Worthy
It didn't come cheap, but the alliance makes sense if the food giant is serious about conquering the North American coffee market.
Talk about a caffeine jolt.
Photographer: Zhang Peng/LightRocket via Getty Images
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Nestle SA may have found the right brew for perking up its U.S. coffee business.
The consumer-goods giant on Monday announced a $7.2 billion deal with Starbucks Corp. that allows it to market, sell and distribute the Seattle-based company’s packaged coffees and teas.