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Rumble Announces $775 Million Strategic Investment from Tether
Dec 20, 2024•over 1 year ago
Contract Type
partnership
TorontoSoftware
Description
Rumble has entered into a definitive agreement for a strategic investment of $775 million from Tether, the largest company in the digital assets industry and the most widely used dollar stablecoin across the world with more than 350 million users. The investment will support growth initiatives and fund a self tender offer for up to 70 million of its Class A Common Stock at the same price as Tether’s investment, while Rumble’s CEO retains a controlling stake in the Company.
Company Information
Company
Rumble
Location
Toronto, Ontario, Canada
About
Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again.
TorontoSoftware