Lates News

The Trump Media & Technology Group (DJT.O) is discussing spinning off its assets, including the social media platform "Truth Social," to establish a new publicly traded company. Previously, the company had completed a merger plan worth 6 billion US dollars with the nuclear energy company TAE Technologies. The company stated that the spun-off company's shares would be distributed to registered shareholders of the Trump Media & Technology Group before the TAE transaction is completed, and then the spun-off company would merge with the special purpose acquisition company "Texas Ventures Acquisition III." The purpose of this spin-off is to separate the Trump Media & Technology Group's social media business from its investments in the commercial nuclear fusion field, as the company hopes to leverage the huge demand for energy brought by the artificial intelligence boom for its own development. Both companies point out that negotiations are still ongoing and a final agreement has not been reached.