Nov 10 (Reuters) - Video platform Rumble is set

to acquire German artificial intelligence cloud company Northern

Data ( NDTAF ) in an all-stock transaction worth $766.86 million,

the companies said on Monday.

For each Northern Data ( NDTAF ) share, its shareholders will receive

2.0281 newly-issued Rumble Class A shares. Shareholders will

also own 30.4% of Rumble following the completion of deal.

The deal includes a $150 million graphics processing unit

leasing agreement with cryptocurrency group Tether, which

currently owns 48% of Rumble, as well as $200 million in tax

liability support from Rumble.

Following deal completion, Rumble will acquire 22,400 Nvidia

GPUs and Northern Data ( NDTAF ) will delist itself.

Rumble, which hosts U.S. President Donald Trump's Truth

Social, in August made an offer to acquire Northern Data ( NDTAF ),

seeking control of the German company's Taiga business and its

large-scale data center arm, Ardent.