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.

The transaction is valued at roughly $1.17 billion. Under the terms of the offer, each Northern Data share would be exchanged for 2.319 newly issued shares of Rumble. The potential deal would result in around 33.3% total pro forma ownership in Rumble for Northern Data shareholders, Rumble said.

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. Rumble said it was considering making an offer for the company which would give it control of Northern Data's cloud business,