Trump Media & Technology Group is in talks to spin off its social media platform, 'Truth Social,' into a new publicly traded entity. This move follows a $6 billion merger with TAE Technologies, a nuclear energy firm. The spin-off aims to separate the social media business from the company's nuclear fusion investments, capitalizing on the growing energy demand from the AI sector. Shares of the new company will be distributed to Trump Media & Technology Group shareholders before merging with Texas Ventures Acquisition III. Negotiations are ongoing, with no final agreement yet reached.
Trump Media & Technology Group Plans 'Truth Social' Spin-Off
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