Tether To Acquire 30% Stake in Italian Media Firm Be Water (2)

Tether Holdings SA will acquire a 30% stake in Italian media company Be Water, as the cryptocurrency firm ramps up dealmaking.

Tether, which issues the largest stablecoin, is investing about €10 million ($10.8 million) in Be Water, the companies said in a statement on Thursday, confirming details of the transaction previously reported by Bloomberg.

Be Water and Tether will collaborate to develop innovative ways to produce and distribute content, the companies said in the statement. Be Water plans to accelerate growth and expand its reach internationally, Executive Chairman Guido Maria Brera said in the statement.

Be Water owns podcast production ...