Tether buys 30% stake in Italian media company B-Water

Stablecoin issuer Tether announced it has invested €10 million in Italian media company Be Water, acquiring a 30.4% stake.
Tether announced in a statement that it has invested 10 million euros (approximately 1.6 billion yen) in Rome-based B-Water. Tether CEO Paolo
"We recognize that independent media plays a critical role in shaping our information society," Ardoino said. "Our investment in B-Water will help bring technology-driven innovation to a range of industries."
"This is in line with our vision to reach out and help people across the world," he added. B-Water is an Italian company that produces and distributes films, documentaries and series, mainly in
The company produces content that covers contemporary social issues and journalism.
"The addition of Tether and Paolo Ardoino's technical expertise will accelerate our growth not only in Italy but also in the global market," Brera said.
"This will give us the opportunity to create and stream content across more platforms."
Following the transaction, Beewater's board of directors announced that it had removed Ardoino and Tether's Chief Operating Officer, Clint Eastwood, from its board of directors.
The company plans to use the funds to upgrade its digital infrastructure and expand its content production and STREAM capabilities.
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