Rumble Secures $775 Million Investment from Tether, Stock Soars …

Dec 23, 2024 · Digital assets company Tether made a $775 million strategic investment disclosed by Rumble (RUM, Financials). After the announcement, Rumble's stock price is up 76%, …

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Rumble Secures $775 Million Investment From Tether, Stock Soars …

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Dec 23, 2024 · Digital assets company Tether made a $775 million strategic investment disclosed by Rumble (RUM, Financials). After the announcement, Rumble's stock price is up 76%, …

yahoo.com

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Tether Invests $775M In Rumble Sparking Stock Price Jump

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Dec 21, 2024 · Tether invests $775M in Rumble, acquiring 103M shares at $7.50 each, boosting Rumble's growth and liquidity initiatives. Rumble shares surge 50% after Tether's strategic …

coingape.com

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Rumble Announces $775 Million Strategic Investment From Tether …

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Dec 20, 2024 · Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to …

nasdaq.com

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Rumble Shares Surge 46% In Pre-open Trade On $775M Investment …

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Dec 23, 2024 · In addition to the direct investment, the deal includes a self-tender offer, which will allow stockholders to sell up to 70 million shares of Rumble's Class A Common Stock at $7.50 …

investing.com

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Rumble Stock Soars On $775 Million Investment From Tether

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Dec 21, 2024 · The Details: Tether USDT/USD has agreed to purchase 103.33 million shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross …

benzinga.com

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Rumble Stock Surges After $775M Strategic Investment From Tether …

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Dec 23, 2024 · Tether, the largest cryptocurrency by volume and holding 70% of market share among stablecoins, will buy 103.22 million Rumble Class A stock at $7.50 per share. Rumble said it will use $250 million of the proceeds to support growth initiatives and the remaining to fund a self-tender offer for up to 70 million of its Class A common stock at $7. ...

stocktwits.com

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Rumble Announces $775 Million Strategic Investment From Tether

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Dec 20, 2024 · Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to …

businessinsider.com

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Tether's $775M Power Move: Rumble's Decentralized Media …

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Dec 23, 2024 · Here's the deal: $250 million goes straight into fueling Rumble's growth rocket, and the rest funds a tender offer that lets shareholders cash out at $7.50 per sharethe same …

yahoo.com

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Rumble Stock Soars After Video Platform Gets $775M Investment …

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Dec 23, 2024 · Rumble received a $775 million cash injection from cryptocurrency company Tether. Rumble explained that Tether would be purchasing 103.3 million shares at $7.50 each, …

investopedia.com

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Tether’s Bold $775M Investment Fuels Rumble’s Rapid Expansion

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Tether Invests $775M in Video Platform Rumble for Growth. Tether has announced a $775 million investment in Rumble, a prominent video-sharing platform. ... The offer will allow shareholders …

tronweekly.com

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YouTube Competitor Rumble (RUM) Gets $775M Investment From …

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Dec 20, 2024 · 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 …

coindesk.com

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Rumble Stock Rockets On $775M Tether Investment - Nasdaq

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Dec 23, 2024 · Online video platform Rumble (RUM) saw its stock rocket higher on Monday after the company received a new $775 million investment from Tether (USDT), the company …

nasdaq.com

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Crypto Giant Tether Invests $775 Million In Trump-friendly Video ...

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Dec 21, 2024 · The deal will see Tether invest $775 million in total, using $250 million to fund growth initiatives to expand the platform's reach. The rest will be used to fund a tender offer for …

yahoo.com

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Rumble Announces $775 Million Strategic Investment From Tether

2 weeks from now

Dec 20, 2024 · Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble.

morningstar.com

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Tether’s $775 Million Rumble Investment Sparks Stock 35% Surge

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Dec 20, 2024 · Tether Limited is set to invest $775 million in video-sharing platform Rumble as part of a strategic partnership aimed at boosting decentralization efforts, according to a Dec. …

cryptoslate.com

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Tether Invests $775M In Rumble Stock To Change Industry

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Rumble, a video-sharing website, experienced a stock price increase following Tether’s $775 million investment, demonstrating its potential for growth and decentralization. Tether, the …

coinmozo.com

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Tether Invests $775 Million In Rumble, Shares Surge 44.6% In ...

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Dec 21, 2024 · Tether invests $775M in Rumble, boosting its shares by 44.6% and advancing its decentralization goals. ... $250 million of the funding to support growth initiatives while offering …

tradersunion.com

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Tether Invests $775M In Rumble Sparking Massive Stock Price …

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Tether invests $775 million in Rumble, boosting its stock by 44.6%. The investment values Rumble shares at $7.50, enhancing their financial stability and growth.

blockchair.com

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Rumble Announces $775M Strategic Investment From Tether; …

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Rumble (NASDAQ:RUM) said on Friday that it has entered into a definitive agreement for a strategic investment of $775 million from Tether. The company will use $250 million of the …

msn.com

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Rumble Secures $775 Million Investment From Tether

2 weeks from now

Dec 20, 2024 · Rumble has secured a $775 million investment from stablecoin issuer Tether, marking a significant milestone for the video-sharing platform.. As part of the deal, Tether will purchase 103,333,333 shares of Rumble Class A Common Stock at $7.50 per share. The video-sharing platform will allocate $250 million of the proceeds to growth initiatives, with the …

cryptobriefing.com

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Tether Invests $775M In YouTube Rival Rumble, Shares Soar 41%

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Dec 24, 2024 · The agreement was announced Friday evening, with Rumble outlining plans to allocate $250 million to support its operations and the remaining funds for a tender offer to buy …

financefeeds.com

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Early Monday Surge: Rumble Climbs 70% As Tether's $775M Deal …

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Dec 23, 2024 · With the remainder funding a self-tender offer for up to 70 million shares of its Class A common stock at $7.50 per share, the same price as Tether's investment, the …

yahoo.com

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Rumble Gets $775 Million Investment From Crypto Firm Tether

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Dec 20, 2024 · Tether agreed to purchase about 103.3 million shares of Rumble at $7.50, totaling $775 million. The video platform said it anticipates using $250 million to support growth initiatives.

morningstar.com

FAQs about Rumble Secures $775 Million Investment from Tether, Stock Soars … Coupon?

How much money did tether invest in Rumble?

Transaction Details Investment: Tether has agreed to purchase 103,333,333 shares of Rumble Class A Common Stock at a price per share of $7.50, totaling $775 million in gross proceeds to Rumble. The Company will use $250 million of the proceeds to support growth initiatives. ...

Is Rumble a tether stock?

YouTube competitor Rumble (RUM) is in a deal for a $775 million strategic investment from stablecoin giant Tether. 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. ...

Why is tether stock up 76%?

Digital assets company Tether made a $775 million strategic investment disclosed by Rumble (RUM, Financials). After the announcement, Rumble's stock price is up 76%, trading for $12.66 to represent investor excitement for the alliance meant to support decentralization. Warning! GuruFocus has detected 2 Warning Sign with RUM. ...

Will Rumble's $775 million tether fund a self-tender offer?

Photo: CHRIS DELMAS/AFP via Getty Images Rumble Inc.’s plan to use some of the proceeds from a $775 million investment from cryptocurrency giant Tether to fund a self-tender offer will alleviate investor liquidity concerns, according to analyst firm Oppenheimer. ...

How much does tether pay for a stake in Rumble?

That $7.50 is the same price per share Tether is paying for its stake. "I truly believe Tether is the perfect partner that can put a rocket pack on the back of Rumble as we prepare for our next phase of growth," said Rumble CEO Chris Pavlovski. ...

How much will tether invest in a self-tender offer?

The remaining proceeds will fund 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, Rumble added. James Rogers is a Financial Columnist for MarketWatch. Video platform Rumble announced a $775 million investment from crypto giant Tether on Friday. ...