“Tether joins forces with Rumble? The crypto payment solution will change the rules of the payment game!”
Rumble (Nasdaq: RUM) announced a strategic partnership with Tether (USDT), securing an investment of up to $775 million. According to the agreement, Tether will acquire 103.33 million shares of Class A common stock in Rumble at a price of $7.50 per share. This transaction not only provides Rumble with $250 million in funding to drive business expansion but also offers liquidity support to shareholders through a self-tender offer, allowing for the repurchase of up to 70 million shares.
Although Tether will become a minority shareholder, Rumble's governance structure and board composition will remain unchanged, and CEO Chris Pavlovski will retain control. This collaboration is built on the mutual commitment of both companies to decentralization, transparency, and freedom of speech. Tether stated that this investment will support Rumble in building an independent and uncensored media platform and further collaboration in areas such as advertising, cloud services, and crypto payments.
The transaction is expected to be completed in early 2025, pending regulatory approval. This is not only a capital collaboration but also a joint exploration of the future of freedom and technology. Want to know how these partnerships are reshaping the media and crypto sectors? Follow me and let's dig deeper into the market dynamics together!
