Tether and Rumble Target Northern Data in $1.17 Billion Deal for AI Dominance

Tether, the issuer of USDt stablecoin, and video platform Rumble have announced a joint bid to acquire full control of Northern Data, a German company specializing in artificial intelligence (AI) and high-performance computing (HPC). The $1.17 billion deal, valued at approximately $18.27 per share based on a 2.319 ratio of newly issued Rumble shares for each Northern Data share, aims to solidify Tether’s presence in the growing AI landscape. 💰 📈