Tether, the largest company in the digital asset industry, has announced a strategic investment of $775 million in Rumble, a leading video-sharing platform and cloud services provider. The investment includes a $250 million cash commitment and support for Rumble's tender offer for up to 70 million shares. Tether's CEO, Paolo Ardoino, emphasized the shared values of decentralization, independence, and free expression between the two companies. Rumble's CEO, Chris Pavlovski, highlighted the strong connection between cryptocurrency and free speech communities. The transaction will provide liquidity for Rumble's current shareholders and fuel the platform's growth initiatives. Cantor Fitzgerald & Co. is acting as placement agent and dealer manager for the transaction.
Content Editor ( tether.io )
- 2025-01-21
Tether Announces $775 Million Strategic Investment in Rumble to Boost Decentralized and Community-Owned Media Platforms
