Shares of Rumble (NASDAQ:RUM), the U.S.-based video platform and cloud service provider, jumped more than 6% in early Monday trading following confirmation that the company is exploring a potential acquisition of Northern Data (TG:NB2), a German firm specializing in AI cloud technologies.
Both firms confirmed discussions around a deal valued at roughly $1.17 billion (around 1 billion euros).
If the acquisition goes through, Rumble would gain control over Northern Data’s GPU-intensive cloud unit, Taiga, as well as its expansive data center division, Ardent.
Rumble intends to merge these operations into its current business framework, aiming to strengthen its position within the rapidly expanding AI and cloud computing markets.
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