Video platform Rumble is considering acquiring Germany’s Northern Data to boost global AI cloud capabilities for hosting Trump’s Truth Social. The potential offer values Northern Data at about $18.3 per share, with a total deal value of approximately $1.17 billion. Tether, a major investor, supports the transaction, but no formal offer is guaranteed.

Rumble plans to integrate Northern Data’s cloud business and data center arm into its operations. Tether, holding 48% of Rumble and 54% of Northern Data, is expected to become an important customer with a multi-year GPU purchase commitment. The proposed deal would result in Northern Data shareholders owning about 33.3% of Rumble’s shares.

Under the potential exchange offer, Tether would be Rumble’s largest single holder of class A common stock. Rumble CEO Chris Pavlovski would retain majority voting rights. Tether invested $775 million in Rumble in December and would support the sale of Northern Data’s crypto mining business to repay a loan from Tether. The offer launch is contingent on due diligence.

Read more at Yahoo Finance: Truth Social host Rumble weighs near $1.2 billion deal for Northern Data