According to Foresight News, U.S. video platform and cloud service provider Rumble is contemplating a $1.17 billion acquisition of German AI cloud group Northern Data. Rumble announced that if the deal proceeds, it would gain control over Northern Data's cloud computing business, Taiga, and its large data center division, Ardent, with plans to integrate these into its operations.
Northern Data's board is currently evaluating Rumble's potential acquisition offer and has expressed willingness to engage in further discussions. Additionally, stablecoin platform Tether, a major shareholder in Northern Data, has shown support for the proposed transaction.