Rumble: Don't Chase Tether Deal - Seeking Alpha

2 days ago · Rumble stock surged due to a $775M investment from Tether, but the deal involves a tender offer at $7.50 per share. Find out why RUM stock is a Strong Sell.

CouponFollow Extension

$775
OFF

Rumble: Don't Chase Tether Deal - Seeking Alpha

5 days from now

2 days ago · Rumble stock surged due to a $775M investment from Tether, but the deal involves a tender offer at $7.50 per share. Find out why RUM stock is a Strong Sell.

seekingalpha.com

$775
OFF

Rumble Announces $775M Strategic Investment From Tether; …

5 days from now

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

$775
OFF

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

5 days from now

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

$775
OFF

Video Platform Rumble Rallies On $775 Million Investment From An ...

5 days from now

4 days ago · Under the deal, Tether will buy 103,333,333 shares of Rumble's Class A common stock at $7.50 apiece. ... Tether will have a minority stake, Rumble said, but won't be able to …

morningstar.com

$775
OFF

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 Rumble.

businessinsider.com

$775
OFF

Rumble Gets $775 Million Investment From Crypto Firm Tether

5 days from now

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.

morningstar.com

70%
OFF

Rumble Stock Surges After $775M Strategic Investment From …

5 days from now

2 days ago · 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. Rumble …

stocktwits.com

$775
OFF

Rumble Announces $775M Strategic Investment From Tether

5 days from now

4 days ago · Rumble (RUM) “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 …

businessinsider.com

$775
OFF

Rumble Secures $775 Million Investment From Tether

5 days from now

4 days ago · Rumble has secured a $775 million investment from stablecoin issuer Tether, marking a significant milestone for the video-sharing platform.. As part of the deal, Tether will …

cryptobriefing.com

$7.50
OFF

Rumble CEO Says Tether Wanted To "Buy As Much As Possible"

5 days from now

2 days ago · Earlier, Tether explained in a press release the deal included purchasing 103.3 million of Rumble's Class A common at $7.50, totaling $775 million. Pavlovski said there will …

zerohedge.com

$775
OFF

Video Platform Rumble Rallies On $775 Million Investment From An ...

5 days from now

4 days ago · Shares of Rumble Inc. rocketed higher after hours on Friday after the right-leaning video platform said it landed a $775 million investment from Tether, a giant in the crypto world …

marketwatch.com

$775
OFF

Tether Invests $775M In Rumble, Backing YouTube Alternative …

5 days from now

4 days ago · Tether and Rumble aim to explore joint initiatives involving advertising, cloud services, and crypto payment solutions. ... the world’s largest stablecoin issuer, in a deal …

cryptonews.com

$775
OFF

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

5 days from now

3 days ago · Tether has invested $775 million in Rumble, YouTube’s closest competitor. The agreement will see Tether benefiting from adverts and other packages. The deal will be …

cryptopolitan.com

15%
OFF

Rumble Up 15% At $8.25 After Announcing Tether Investment

5 days from now

4 days ago · 16:57 EST Rumble (RUM) up 15% at $8.25 after announcing Tether investmentPick the best stocks and maximize your portfolio:Discover top-rated sto...

businessinsider.com

$775
OFF

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

5 days from now

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

FAQs about Rumble: Don't Chase Tether Deal - Seeking Alpha Coupon?

How much money did tether invest in Rumble?

Transaction Details 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. The Company will use $250 million of the proceeds to support growth initiatives. ...

Will tether's $775 million investment improve Rumble's business?

Rumble stock surged due to a $775 million investment from Tether, but the deal involves a tender offer at $7.50 per share. The investment may not significantly improve Rumble's business, which continues to struggle with weak financials and declining user engagement. ...

Will tether buy Rumble?

Tether has agreed to purchase 103 million shares at $7.50 per share, intending to only ~33 million shares of dilution. The stock has already soared above $13, so Rumble will have a very difficult time tendering shares at only $7.50 when large investors looking to cash out can just sell shares at the current market price. ...

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. ...

Does Rumble need more capital to invest in tether?

The company ended the last quarter with a cash balance of $132 million, so the Tether investment of $250 million is a positive development. Rumble clearly needs more capital to invest in the video platform. The platform consumed over $22 million in cash during Q3, even with decreased guaranteed creator commitment costs. ...

How many shares does Rumble have?

In essence, Rumble will now have up to 487 million shares outstanding depending on how the company handles the tender offer for a price substantially below the current trading level. Assuming 70 million shares are repurchased at the $7.50 price, Rumble would have a full diluted share count of 417 million shares for a market cap of $5.4 billion. ...