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Tether-backed Rumble and Northern Data are close to a merger deal

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2025-11-09 23:16:49
Rumble is moving ahead with an all-share offer for German data centre company Northern Data, according to people familiar with the matter. Under the terms of the deal, the target company (Northern Data) will be valued at less than its current market value of $894 million.
The two companies, both backed by the stablecoin issuer Tether Holdings Ltd, could announce the deal in the coming days, said the people, who spoke on condition of anonymity because the information was not public. If successful, the deal would help Rumble achieve its goal of becoming a cloud computing service provider.
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