Trump Media Abandons Truth Social Spin-Off, Pushes Forward With $6 Billion Fusion Energy Merger
By
Ty Roush
Summary
President Donald Trump's media company, Trump Media & Technology Group, has abandoned plans to spin off Truth Social as a separate publicly traded business. Instead, the company is moving forward with a $6 billion merger with fusion energy firm TAE Technologies, which is expected to close "as soon as possible." The decision was disclosed jointly by Trump Media, TAE Technologies, and the SPAC Texas Ventures III.
Source
bskyTrump Media Abandons Truth Social Spin-Off, Pushes Forward With $6 Billion Fusion Energy Mergerforbes.comKey quotes
· 2 pulledTrump Media & Technology Group, the fusion firm TAE Technologies and the special-purpose acquisition company Texas Ventures III disclosed they would no longer pursue a spin-off of Truth Social or other Trump Media assets
A merger between Trump Media and a fusion energy firm is expected 'as soon as possible.'
You might also wanna read
Truth Social's AI Search Feature Shows Bias Toward Conservative Media
Truth Social, Donald Trump's social media platform, has introduced a new AI search feature called Truth Search AI, which predominantly direc
The Verge·10mo ago
Abu Dhabi royal family to take stake in TikTok US under Trump deal
theguardian.com·9mo ago
The Fracturing Alliance Between MAGA Supporters and Silicon Valley Tech Elites
The article examines the fracturing alliance between MAGA (Make America Great Again) supporters and Silicon Valley tech elites, particularly
The Verge·4mo ago
Trump Uses Ted Turner's Death to Push Vision for Conservative Media Takeover
President Donald Trump used the death of CNN founder Ted Turner to post on TruthSocial about how CNN became "woke" under new ownership and t
Rolling Stone·1mo ago
Tech Stocks Lose $770 Billion in Market Value Following Trump Tariff Threats
Major technology companies including Amazon, Nvidia, and Tesla experienced significant stock price declines of around 5% each, resulting in
cnbc.com·8mo ago
Satire: Trump Sons Break Blender Trying to Make Oil from Charcoal
A satirical article from The Onion depicting Eric Trump and Donald Trump Jr. comically attempting to turn charcoal into oil using a blender,
The Onion·1mo agoComments
Sign in to join the conversation.
No comments yet. Be the first.