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This episode concerns Rumble Inc.'s pursuit of acquiring the German AI firm, Northern Data AG, through an all-stock transaction. The proposed acquisition, which Rumble confirmed interest in, is a strategic move to pivot the video-sharing platform into the AI cloud computing sector, leveraging Northern Data's substantial data center and GPU infrastructure, including Nvidia H100 and H200 chips. A key element of the deal involves Tether, the stablecoin issuer and Northern Data's majority shareholder, which supports the acquisition, would become a major Rumble shareholder, and is expected to forgive a significant portion of its loan to Northern Data. While the initial offer proposed Northern Data shareholders receive 2.319 Rumble shares for each of their shares, subsequent reports indicate the ratio may be reduced to approximately two shares due to market fluctuations, which would also lower the overall projected market value of the merged entity. The transaction, contingent on factors like regulatory approvals and the sale of Northern Data's mining unit, has generated extremely bullish retail investor sentiment in Rumble stock.

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