TONUSDT Telegram has signed a one-year partnership agreement with xAI to distribute Grok to Telegram users and integrate it into the Telegram app. As part of the deal, Telegram will receive $300 million in cash and equity from xAI, and earn 50% of the subscription revenue generated through xAI sales on the platform
TONUSDT Telegram plans to issue $1.5B in five-year bonds at 9% interest to repay 2021 debt. Investors include BlackRock, Mubadala, and newcomer Citadel. Bonds can convert to equity at a discount if Telegram goes public.