Peter Thiel-backed US conservative video network valued at $2bn
Rumble — backed by billionaire Peter Thiel — was founded in 2013, but its video-sharing service didn’t really take off until recently.
Rumble, the conservative video network backed by billionaire Peter Thiel, became a publicly traded company through a deal with a blank-cheque firm that will value the business at more than $2bn.
The merger with CF Acquisition, a special purpose acquisition company backed by Wall Street firm Cantor Fitzgerald, will deliver $400m in proceeds to Rumble. The company is one of a growing number of alternative media sites attracting new users as US political divisions intensify.
