Tether Invests $775 Million in Video Platform Rumble

The cryptocurrency firm backs the YouTube competitor with funding for growth and shareholder liquidity, highlighting shared values of decentralization and free expression.

Tether's $775 million investment in Rumble includes $250 million for growth initiatives and $525 million for a self-tender offer at $7.50 per share.
Rumble CEO Chris Pavlovski will retain a controlling stake in the company after the transaction, which is expected to close in early 2025.
The deal reflects Tether's broader commitment to 'freedom tech,' aligning with Rumble's focus on decentralization, transparency, and free speech.
Rumble's stock surged over 40% in after-hours trading following the announcement, reaching prices above $10 per share.
Tether plans to explore further collaboration with Rumble, including advertising, cloud services, and crypto payment solutions.

The Hollywood Reporter

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