Rumble Secures $775 Million Investment From Tether and Completes Tender Offer

Rumble, a video-sharing and cloud services company, has finalized a $775 million strategic investment from Tether (USDt).

As part of the agreement, Tether purchased 103,333,333 shares of Rumble’s Class A Common Stock at $7.50 per share, providing a total of $775 million in gross proceeds. 

Rumble plans to allocate $250 million of the funds, after accounting for transaction-related expenses, to support its business initiatives.

Additionally, Rumble completed its previously announced tender offer to repurchase up to 70 million shares of its Class A common stock. The offer expired on February 4th, 2025, at 5:00 p.m. Eastern Time.

At the time of expiration, 70,061,168 shares had been validly tendered and not withdrawn. 

Rumble accepted 70 million shares for repurchase on a pro-rata basis, except for odd-lot tenders, which were fully accepted. 

The total cost for the repurchased shares was $525 million, excluding fees and expenses. The depositary will handle payments for accepted shares and return any shares that were not repurchased.

Rumble’s board structure and governance remain unchanged, with CEO Chris Pavlovski retaining super-majority voting control.