Rumble supported by Tether and Northern Data are close to reaching a merger agreement
Jinse Finance reported, citing sources familiar with the matter, that Rumble is advancing an all-stock acquisition offer to acquire the German data center company Northern Data. According to the terms of the deal, the target company (Northern Data) will be valued below its current market capitalization of $894 million. The sources stated that both companies, which are backed by stablecoin issuer Tether Holdings Ltd, may announce the agreement in the coming days. As the information has not been made public, these individuals requested anonymity. If the deal is successful, it will help Rumble achieve its goal of becoming a cloud computing service provider.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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