The video-sharing platform and cloud services provider reported its second-quarter results and said it intends to make an all-stock bid to buy AI cloud-computing group Northern Data for about $1.17 billion.

Rumble Inc. is weighing an offer to buy German data center company Northern Data AG in an all-stock deal valuing the target at about $1.17 billion that would boost the conservative video service’s bid to become a cloud-computing provider.

Video platform Rumble , which hosts U.S. President Donald Trump's Truth Social, is weighing boosting its global AI cloud capabilities by acquiring Germany's Northern Data , the companies said.