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Rumble Stock Soars 16.24% on AI Acquisition Plans
Generated by AI AgentAinvest Pre-Market Radar
Monday, Aug 11, 2025 7:19 am ET1min read
Aime SummaryRumble's stock surged by 16.24% in pre-market trading on August 11, 2025, driven by significant developments in its acquisition strategy.
Rumble is considering a substantial acquisition of Northern Data, a German AI cloud company. The proposed deal involves offering 2.319 shares of
for each share of Northern Data, valuing the target company at approximately $18.30 per share. This all-stock exchange offer aims to acquire 100% of Northern Data's outstanding shares, totaling around $1.17 billion. The acquisition is part of Rumble's strategic expansion into the AI cloud sector, leveraging Northern Data's expertise and infrastructure to enhance its own cloud services and video platform capabilities.This potential acquisition has sparked investor interest, contributing to the significant pre-market rise in Rumble's stock. The move underscores Rumble's ambition to strengthen its position in the competitive tech landscape by integrating advanced AI technologies and expanding its service offerings. The successful completion of this deal could further bolster Rumble's market presence and drive future growth.
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