AdvertisementAdvertisementBusiness10 Nov 2025 01:48PM (Updated: 10 Nov 2025 02:19PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST Video platform Rumble is set to acquire German artificial intelligence cloud company Northern Data in an all-stock transaction worth $766.86 million, the companies said on Monday.For each Northern Data share, its shareholders will receive 2.0281 newly-issued Rumble Class A shares. Shareholders will also own 30.4 per cent of Rumble following the completion of deal.The deal includes a $150 million graphics processing unit leasing agreement with cryptocurrency group Tether, which currently owns 48 per cent of Rumble, as well as $200 million in tax liability support from Rumble.Following deal completion, Rumble will acquire 22,400 Nvidia GPUs and Northern Data will delist itself.Rumble, which hosts U.S. President Donald Trump's Truth Social, in August made an offer to acquire Northern Data, seeking control of the German company's Taiga business and its large-scale data center arm, Ardent.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST