Rumble Announces $775 Million Strategic Investment from Tether

5 days ago  · Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble.


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Rumble Announces $775 Million Strategic Investment From Tether

5 days from now

5 days ago  · Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble.

morningstar.com

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Tether Pours $775M Into Video-sharing Platform Rumble

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4 days ago  · Tether has announced a $775 million strategic investment with video sharing platform Rumble just weeks after the platform announced it would be adding Bitcoin to its balance sheet.

cointelegraph.com

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Rumble Gets $775M Investment From Crypto Firm Tether

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4 days ago  · Tether agreed to purchase about 103.3 million shares of Rumble at $7.50, totaling $775 million. The video platform said it anticipates using $250 million to support growth initiatives.

marketwatch.com

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YouTube Competitor Rumble (RUM) Gets $775M Investment From …

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5 days ago  · YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether. Rumble will use $250 million of the money to support …

coindesk.com

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Rumble Announces $775 Million Strategic Investment From Tether

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4 days ago  · Rumble Will Use $250 Million of Proceeds to Further Solidify Balance Sheet and Accelerate Growth Initiatives. Remaining Proceeds Will Be Used to Fund Self Tender Offer for …

marketscreener.com

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Rumble Announces $775M Strategic Investment From Tether

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4 days ago  · Rumble “announced that it has entered into a definitive agreement for a strategic investment of $775 million from Tether, the largest company in the digital assets industry and …

businessinsider.com

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Rumble Stock Surges After $775M Strategic Investment From …

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Rumble said it will use $250 million of the proceeds to support growth initiatives and the remaining to fund a self-tender offer for up to 70 million of its Class A common stock at $7.50 per share ...

msn.com

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Rumble Announces $775M Strategic Investment From Tether; …

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4 days ago  · Rumble (NASDAQ:RUM) said on Friday that it has entered into a definitive agreement for a strategic investment of $775 million from Tether.The company will use $250 …

seekingalpha.com

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Tether’s Bold $775M Investment Fuels Rumble’s Rapid Expansion

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Tether has announced a $775 million investment in Rumble, a prominent video-sharing platform. This includes an initial $250 million to drive growth and operations, with the full transaction set …

tronweekly.com

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Tether Announces $775 Million Strategic Investment In Rumble, …

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2 days ago  · Tether, the world’s largest stablecoin issuer, has announced a substantial investment in Rumble (Nasdaq: RUM), a prominent video-sharing platform known for its commitment to …

blockhead.co

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Tether's $775M Bet On Rumble: A Move To Challenge YouTube

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3 days ago  · Tether’s investment will ensure it owns a minority position in Rumble’s outstanding common stock. The agreement means that Tether has no rights to designate any Rumble …

cryptopolitan.com

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Tether’s Big Bet: A $775 Million Stake In Rumble And Bitcoin

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3 days ago  · In a bold move underscoring its commitment to the evolving digital economy, Tether, the company behind the world’s most widely used stablecoin, USDT, has announced a $775 …

bravenewcoin.com

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$775M Tether Investment Fuels Rumble’s Expansion And …

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$250 million was allocated for growth initiatives, with the rest for a self-tender offer. Rumble’s governance structure remains unchanged post-transaction. Rumble, a rising video-sharing and …

tronweekly.com

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Rumble's Strategic Partnership With Tether: A $775 Million Shift

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5 days ago  · Rumble Secures $775 Million Investment from Tether. The recent collaboration between Rumble and Tether presents a significant step forward in the realm of decentralized …

investorshangout.com

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Rumble Inc (RUM) Announces $775 Million Strategic Investment Fro

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On December 20, 2024, Rumble Inc (RUM, Financial), a video-sharing platform and cloud services provider, announced a strategic investment of $775 million from Tether, the leading …

gurufocus.com

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Rumble Announces $775 Million Strategic Investment From Tether

5 days from now

3 days ago  · Investment: Tether will acquire 103,333,333 shares of Rumble Class A Common Stock at $7.50 per share, resulting in $775 million in gross proceeds to Rumble. $250 million …

gizmotimes.com

$775
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Rumble Announces $775 Million Strategic Investment From Tether

5 days from now

4 days ago  · Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to …

stockhouse.com

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Rumble Announces $775 Million Strategic Investment From Tether

5 days from now

Nov 25, 2024  · Rumblens Bold Move: $775 Million Investment from Tether Signals New Era in Decentralization and Cryptocurrency StrategyIn a monumental evolution within the ever …

csimarket.com

FAQs about Rumble Announces $775 Million Strategic Investment from Tether Coupon?

How much did tether invest in Rumble?

Rumble said Friday it entered an agreement for a $775 million investment from the cryptocurrency company Tether. Tether agreed to purchase about 103.3 million shares of Rumble at $7.50, totaling $775 million. The video platform said it anticipates using $250 million to support growth initiatives. ...

Does Rumble have a partnership with tether?

Video sharing platform and cloud services provider Rumble said on Friday it has entered into an agreement with Tether, a blockchain-enabled platform, to receive a strategic investment of $775 million. ...

Will tether buy Rumble Class A shares?

Warning! GuruFocus has detected 2 Warning Sign with RUM. Under the deal, Tether will buy 103.3 million Rumble Class A Common Stock shares at $7.50 each. From the earnings, Rumble intends to deploy $250 million to support its financial sheet and drive its growth objectives. ...

Why did tether join Rumble?

Underlining Tether's dedication to similar ideals of independence and openness, this alliance sets Rumble for its next stage of expansion, Pavlovski added. Tether's CEO, Paolo Ardoino, spoke about the partnership as a means of encouraging decentralization and free speech. ...

Is Rumble a rival to YouTube?

Rumble, touted as rival to Alphabet's YouTube, announced a definitive agreement for a $775 million strategic investment from cryptocurrency company Tether ($USDT). Tether, the largest cryptocurrency by volume and holding 70% of market share among stablecoins, will buy 103.22 million Rumble Class A stock at $7.50 per share. ...

Why did Rumble invest $250 million in cryptocurrencies?

Delving into the investment's benefits, Pavlovski said it exemplifies the strong connection between cryptocurrencies and free speech communities, and the $250 million added to Rumble’s balance sheet will fuel growth initiatives. ...

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