Tether Acquires 30% Stake in Italian Media Company 'Be Water' with €10 Million Investment
Suehyeon Lee
Summary
- Tether has agreed to acquire a 30% stake in the Italian media company Be Water by investing approximately €10 million.
- This move can be interpreted as part of Tether's strategy to enter the global media market.
- Given that Be Water owns several media-related companies, this stake acquisition is expected to play an important role in Tether's business expansion.
Stablecoin issuer Tether (USDT) has agreed to acquire a 30% stake in the Italian media company Be Water.
According to sources cited by Bloomberg on the 27th (local time), Tether is set to acquire a 30% stake in Be Water for approximately €10 million (about $10.8 million).
Meanwhile, Be Water, the company in which Tether decided to acquire a stake, owns the podcast production companies Chora Media and Will Media, as well as the video distribution and production company Be Water Film.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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