According to @business, Rumble Inc. is proceeding with an all-share offer to acquire German data center company Northern Data AG, valuing the firm below its current $894 million market capitalization (source: Bloomberg @business). The report highlights two trading-critical elements: the offer is entirely stock-based and the indicated valuation is a take-under relative to the prevailing market cap, which sets expectations for an exchange ratio rather than a cash premium (source: Bloomberg @business). The source does not mention any direct cryptocurrency exposure or token-related implications, so immediate crypto market impact is not specified in the report (source: Bloomberg @business).