Rumble (RUM.US) is considering acquiring the German data center company Northern Data, valued at nearly $1.2 billion.

According to the Securities Times app, US video platform and cloud service provider Rumble (RUM.US) is considering acquiring German data center company Northern Data AG in an all-stock transaction, valuing the latter at approximately $1.17 billion. Both parties stated in declarations last Sunday and Monday that Rumble has proposed to acquire Northern Data by exchanging 2.319 newly issued Rumble shares for each share of Northern Data. This offer values Northern Data at approximately $18.27 per share, significantly lower than its closing price of 23.02 (26.81 USD) per share last Friday. After the completion of the transaction, Northern Data shareholders will hold approximately one-third of the merged company's shares.