Rumble Inc. Takes Further Steps Towards Acquisition of Northern Data AG

Rumble Inc. continues its plans to acquire German data center operator, Northern Data AG, via an all-stock transaction. The acquisition’s valuation is projected to fall below Northern Data’s current market capitalization of $894 million. Both companies are backed by stablecoin issuer Tether, and the agreement is anticipated to be formally announced in the coming days. This strategic move aims to establish Rumble as a prominent player in cloud computing services.