Rumble Inc. announced a strategic agreement with Tether Investments Limited on December 20, 2024, involving a $775 million investment. Tether will acquire 103,333,333 newly issued Class A common shares of Rumble at $7.50 per share, with the deal aimed at supporting Rumble’s growth and facilitating a self-tender offer to buy back up to 70 million shares at the same price. This transaction, unanimously approved by Rumble’s Board of Directors, also sets the stage for potential collaborations in advertising, cloud, and cryptocurrency payment solutions. The governance structure of Rumble, including CEO Chris Pavlovski's voting control, remains unchanged.

The agreement includes customary representations and warranties, with certain restrictions on Tether's share transfers and activities such as proxy solicitation. Additionally, a registration rights agreement will be established, allowing Tether to resell its shares. Closing conditions include regulatory approvals and shareholder notification. Should these conditions not be met by March 31, 2025, the investment may proceed in two phases. The agreement underscores Rumble’s commitment to enhancing shareholder value and exploring innovative growth avenues.