The crypto stablecoin venture Tether recently announced a major investment of $775 million in the video sharing platform and cloud provider Rumble. This investment signals a strategic partnership between Tether and Rumble, a platform known for hosting conservative hosts and content creators who value free speech.
Rumble will receive $250 million from the deal, with the remaining funds allocated for a self tender offer for up to 70 million of its Class A Common Stock at $7.50 per share, the same price as Tether’s investment. This significant investment demonstrates Tether’s confidence in Rumble and its potential for growth in the digital content space.
Rumble has emerged as a strong competitor to YouTube, attracting prominent figures such as Dan Bongino, Steven Crowder, Glenn Greenwald, Dr. Disrespect, and Dana White’s Power Slap competitions. With shareholders including Bongino and a venture capital firm co-founded by Vice President-elect JD Vance, Rumble has solid backing from key industry players.
Following the investment, Rumble’s chairman and CEO Chris Pavlovski will retain a majority stake in the company, signaling continuity in leadership while also creating opportunities for growth and expansion. Tether, a leading stablecoin with over 350 million users, sees this partnership as a strategic move to support Rumble’s growth and innovation initiatives.
Pavlovski expressed excitement about the collaboration with Tether, highlighting the shared values of freedom, transparency, and decentralization that drive both communities. CEO of Tether, Paolo Ardoino, emphasized the alignment of values between the two companies, citing a commitment to empowering technologies that promote freedom of expression and challenge centralized systems.
This investment not only strengthens the financial position of Rumble but also opens up possibilities for future collaborations in advertising, cloud services, and crypto payment solutions. As Tether and Rumble join forces, they aim to build a more decentralized and inclusive future for digital content creation and distribution.
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