U.S. video platform and cloud services provider Rumble is considering an offer of about $1.17 billion (1 billion euros) for German AI cloud group Northern Data, according to statements from both companies.

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 video-sharing platform and cloud services provider reported its second-quarter results and said it intends to make an all-stock bid to buy AI cloud-computing group Northern Data for about $1.17 billion.