(Reuters) -S-Plate-Player, the classified video platform, is considering a potential offer of around $ 1.17 billion (1 billion euros) for the AI German Northern Data AG group, according to separate declarations of the calculations of companies and Reuters.
Rumble, also a cloud service provider, said that an agreement would integrate the activity of the Northern Data data center and the GPU cloud with a large number of NVIDIA GPU, in existing Rumble operations.
Rumble plans to offer 2,319 actions for each share of data from the North, the two companies said.
The exchange varies from data from the north to around $ 18.3 per share (around 15.69 euros per share), based on Reuters calculations. This is at a discount of approximately 32% at the last fence of the German company.
Rumble said that its proposed offer assumes that the Northern Data mining unit will be disabled before the agreement completed.
Tether, the majority shareholder of Northern Data, expressed his support for the transaction, according to statements. However, companies have said that there was no certainty that discussions will eventually lead to an official offer for the German group.
(1 euro = $ 1.1664)
(Report by Surbhi Misra and Shubham Kalia in Bengaluru; edition by Rashmi Aich and Sherry Jacob-Phillips)
