Rumble (NASDAQ: RUM) shares are surging in pre-market trading after the video-sharing platform reported third-quarter results showing sharp improvement in profitability despite a modest dip in revenue.
Video-sharing platform and cloud-services provider Rumble will gain access to Northern Data ‘s large portfolio of graphics-processing-unit products as well as a data center business through the deal.
Rumble, the video platform behind Truth Social, will acquire Germany's Northern Data for about $767 million in shares, swapping 2.0281 new Class A Rumble shares for each Northern Data share, a 12.99% discount to Friday's close. The all-stock structure means no cash changes hands; Northern Data holders will own 30.4% of Rumble when the deal completes, expected in the second quarter of 2026, after which Northern Data will delist.
Northern Data said on Monday that video platform Rumble has made on offer to acquire the German AI cloud company.
Video platform Rumble is pushing ahead with an all-share offer to buy Germany's Northern Data , Bloomberg News reported on Sunday.
Rumble Inc. (NASDAQ:RUM ) Q2 2025 Earnings Conference Call August 11, 2025 11:30 AM ET Company Participants Brandon Alexandroff - Chief Financial Officer Christopher Pavlovski - Founder, Chairman & CEO Conference Call Participants Jason Stuart Helfstein - Oppenheimer & Co. Inc., Research Division Shannon Devine - Unidentified Company Operator Good morning, ladies and gentlemen, and welcome to Rumble Inc. Second Quarter 2025 Earnings Call. [Operator Instructions] Please note, this event is being recorded.
The video-sharing platform and cloud services provider said a deal would allow it to integrate Northern Data's Ardent data center business and Taiga AI cloud service into its existing operations.
U.S.-listed video platform Rumble is considering a potential offer of about $1.17 billion (1 billion euro) for German AI cloud group Northern Data AG , according to separate statements from the companies and Reuters calculations.
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Rumble stock previously zoomed to $15 due to election-related developments. It's possible for Rumble stock to revisit $15 as the company increases its cryptocurrency holdings.
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