Starbucks Buys Teavana

Back in June, Starbucks opened it's first tea bar, in Seattle.

Now they've gone even further with that, buying out Teavana for six hundred and twenty million dollars.

Teavana's three hundred stores are spread across the US, Mexico, Canada, and Kuwait, in various malls, and sell loose leaf, exotic teas.

Starbucks plans to expand their locations and add stand alone sites, as well as adding tea bars with prepared drinks to the stores.

The company plans on using Teavana to do for tea, what Starbucks did for coffee.