Trump Media to Merge With Nuclear Fusion Company TAE in $6 Billion Deal

Date:

An illustration photo shows a person checking the app store on a phone for Truth Social with the platform’s website on a computer screen in the background in Los Angeles on Oct. 20, 2021. Chris Delmas/AFP via Getty ImagesPresident Donald Trump’s media company, Trump Media & Technology Group (TMTG), said on Dec. 18 that it has signed a definitive agreement to merge with nuclear fusion firm TAE Technologies in an all-stock transaction valued at more than $6 billion, an ambitious tie-up the companies said was a bid to help “power America’s technology revolution.”In a joint statement, TMTG—owner of Truth Social—and TAE said the deal seeks to create one of the world’s first publicly traded fusion companies.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Wall Street Review: Stocks Extend Downward Streak

StocksStocks fell for a fourth straight week as oil...

Cyber Actors Linked to Russia Targeting Users of Messaging Apps, FBI Says

The icons of mobile apps are seen on the...

US Lifts Sanctions on Iranian Oil Stranded at Sea

Treasury Secretary Scott Bessent testifies before the Senate Committee...

US Dollar Surges After Markets Begin Pricing in Fed Rate Hikes Later This Year

Other central banks have signaled a tighter-for-longer monetary policy...