Canadian video-sharing platform Rumble has secured a $775 million strategic investment from stablecoin giant Tether. Rumble plans to use $250 million to support its operations and the rest for a tender offer for up to 70 million shares of its common stock at $7.50 per share, the same price Tether paid for its stake. Rumble CEO Chris Pavlovski expressed excitement about the partnership, stating that Tether will help accelerate Rumble's growth. Tether CEO Paolo Ardoino also highlighted plans for a meaningful advertising, cloud, and crypto payment solutions relationship with Rumble. Following the announcement, Rumble's shares surged by 41% in after-hours trading.



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