Rumble secures $775M investment from Tether to boost growth and enhance shareholder liquidity.
Video-sharing platform Rumble has secured a $775 million investment from Tether, a major player in digital assets. Tether will inject $250 million to support Rumble's growth, with the rest funding a tender offer for up to 70 million shares, aiding stockholder liquidity. Rumble's CEO, Chris Pavlovski, retains control. The deal, expected to close by Q1 2025, aligns leaders in decentralization.
3 months ago
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