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Tether invests 775 million in Rumble boosting stock by 35 percent

Tether Limited is investing $775 million in video-sharing platform Rumble, leading to a 35.89% surge in Rumble's stock. The deal, which includes purchasing 103.3 million shares, aims to enhance decentralization efforts while allowing Rumble's CEO to retain control. Tether plans to diversify its investments, allocating funds for growth initiatives and shareholder liquidity.
CryptoSlate
Willkie Farr & Gallagher LLP McDermott Will & Emery LLP Paolo Ardoino Chris Pavlovski
Finance & Economy, Press Release
23:53 20.12.2024
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