Trump Media in Talks to Spin Off Truth Social After $6 Billion Merger with TAE Technologies
Trump Media & Technology Group is negotiating the spin-off of its Truth Social unit into a separate public company after its $6 billion merger with TAE Technologies. The potential transaction involves distributing shares of the new company to existing Trump Media shareholders. TAE Technologies and other assets will remain with Trump Media. No definitive agreement has been reached as discussions are ongoing.
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Trump Media & Technology Group Corp. is exploring a spin-off of its Truth Social unit into a separate publicly traded company following its $6 billion merger with TAE Technologies. The plan suggests that existing shareholders of Trump Media would receive shares in the new entity.
The merger with TAE, a nuclear fusion company founded in 1998, is set to close this year. TAE's fusion operations and some Trump Media assets will remain with the parent company. Ongoing discussions have not yet led to a definitive agreement, and any final transaction would require approvals.
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