Aug 10 (Reuters) - U.S.-listed video platform Rumble

is considering a potential offer of about $1.17 billion

(1 billion euro) for German AI cloud group Northern Data AG ( NDTAF )

, according to separate statements from the companies

and Reuters calculations.

Rumble, also a cloud services provider, said a deal would

integrate Northern Data's ( NDTAF ) data center business and GPU cloud

business with a significant number of Nvidia GPUs, into Rumble's

existing operations.

Rumble is considering offering 2.319 shares for each

Northern Data ( NDTAF ) share, both companies said.

The exchange values Northern Data ( NDTAF ) at about $18.3 per share

(about 15.69 euros per share), based on Reuters calculations.

This is at a discount of about 32% to the German company's last

close.

Rumble said its proposed offer assumes Northern Data's ( NDTAF ) Peak

Mining unit will be divested prior to the completion of the

deal.

Tether, the majority shareholder of Northern Data ( NDTAF ), has

expressed support for the transaction, according to the

statements. However, the companies said there is no certainty

that the discussions will eventually result in a formal offer

for the German group.

(1 euro = $1.1664)