Rumble jumps, rebrands to RUM Group after Northern Data buyout
Wed 23:11
BUZZ-Rumble jumps, rebrands to RUM Group after Northern Data buyout ** Shares of video platform and cloud services provider Rumble RUM.O rise 16.5% to $8.46 in extended trading
** Co says its new name will be RUM Group, effective June 18, after closing its acquisition of German AI cloud company Northern Data
** RUM Group will oversee two business units: Rumble and Quake AI
** Quake AI combines Northern Data's offerings and Rumble's cloud services
** Up to last close, stock up ~15% this year
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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Brief: Rumble Closes Acquisition Of Northern Data
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