Topline
President Donald Trump’s Trump Media & Technology Group on Friday announced it might spin off its Truth Social platform as a separate, publicly traded business after completing a $6 billion merger with TAE Technologies.
The company said a spin-off would occur after a $6 billion merger with fusion energy firm TAE Technologies.
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Key Facts
Trump Media, in a statement, said it was engaged in “ongoing discussions” to spin off Truth Social following the closure of its merger with fusion energy firm TAE Technologies.
Truth Social would then merge with the special-purpose acquisition company Texas Ventures III, Trump Media said.
This is a developing story.