Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41%
Rumble will use $250 million of the money to support operations and the remainder to fund a tender offer for up to 70 million shares of its common stock at a price of $7.50, according to a Friday evening press release. That $7.50 is the same price per share Tether is paying for its stake.
MarketWatch on MSN3d
After $775 million Tether investment, Rumble’s tender offer should alleviate investor liquidity concerns, analyst saysRumble Inc.’s plan to use some of the proceeds from a $775 million investment from cryptocurrency giant Tether to fund a self ...
Rumble Rockets 110% In a Month, After $775M Tether Deal--Meme-Stock Mania or Game-Changing Move?
Following explosive cryptocurrency news, Rumble stock is now up 133% over the last week. Rumble ( RUM 35.33%) stock is seeing explosive gains in Wednesday's trading. The streaming-video company's ...
Cryptopolitan on MSN5d
Tether makes $775M bet on Rumble to challenge YouTube’s dominanceTether has invested $775 million in Rumble, YouTube's closest competitor. The agreement will see Tether benefiting from ...
The deal involves Tether purchasing 103.33 million shares of Rumble Class A common stock at $7.50 per share, totaling $775 ...
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