Rumble considers near $1.2 billion offer for German AI cloud group Northern Data

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US-listed video platform Rumble is considering a potential offer of about $1.17 billion (€1 billion) for German AI cloud group Northern Data AG , according to separate statements from the companies and Reuters calculations.

Rumble, also a cloud services provider, said a deal would integrate Northern Data’s data centre business and GPU cloud business with a significant number of Nvidia GPUs, into Rumble’s existing operations.

Rumble is considering offering 2.319 shares for each Northern Data share, both companies said.

The exchange values Northern Data…



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Rumble considers near $1.2 billion offer for German AI cloud group Northern Data



US-listed video platform Rumble is considering a potential offer of about $1.17 billion (€1 billion) for German AI cloud group Northern Data AG , according to separate statements from the companies and Reuters calculations.

Rumble, also a cloud services provider, said a deal would integrate Northern Data’s data centre business and GPU cloud business with a significant number of Nvidia GPUs, into Rumble’s existing operations.

Rumble is considering offering 2.319 shares for each Northern Data share, both companies said.

The exchange values Northern Data…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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