Monday, 11 August, 2025
Rumble Eyes $1.17 Billion Stock Bid for German AI Cloud Firm Northern Data
U.S.-listed video and cloud services provider Rumble is weighing an all-stock offer worth approximately $1.17 billion for German AI cloud group Northern Data AG, according to both companies. The proposal involves exchanging 2.319 Rumble shares for each Northern Data share—valuing Northern Data at about $18.30 per share, a 32% discount. The bid includes integration of their GPU-rich Taiga cloud and Ardent data center units. Tether, Northern Data’s majority shareholder, supports the move.
Read full story at Economic Times