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Rumble Announces $775 million Strategic Investment in Tether

Rumble (NASDAQ: RUM), a video-sharing platform and Cloud as a Service provider, announced that it has entered into a definitive agreement with USDT publisher Tether for a strategic investment of $775 million. The investment and tender offer are expected to close in Quarter 1, 2025. Rumble, a high-growth video platform and Cloud as a Service provider, is creating a separate infrastructure.