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New Deal


Announced

Completed

Rumble completed the acquisition of a stake in Parallel Economy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

Majority

Single Bidder

payment processing

Acquisition

Domestic

Friendly

Canada

Payments / Commerce

Synopsis

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Rumble, a video platform, completed the acquisition of a stake in Parallel Economy, a transformative payment processing company. Financial terms were not disclosed. "Our mission is to eliminate every chokepoint and backdoor to cancel companies like Rumble and our creators. This investment in a digital payment processing system is another example of Rumble's commitment to put creators first. With Parallel Economy, creators won't have to worry about arbitrary cancellation. Giving creators financial security is a critical part of Rumble's mission to protect a free and open Internet," Chris Pavlovski, Rumble CEO.

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