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Tether’s $775 million Rumble investment sparks stock 35% surge
- Tether Limited plans to invest $775 million in video-sharing platform Rumble as part of a strategic partnership.
- The news caused Rumble's stock to surge 35.89% to $9.77 in after-hours trading.
- The deal is expected to close in the first quarter of 2025, pending regulatory approval.
- Rumble plans to allocate $250 million to strengthen its balance sheet and fuel growth initiatives.
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