Trump Media considers a Truth Social spinoff into an independent stock as part of a broader restructuring following a $6B deal.
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#truthsocial / Page 5
The move would split off the money-losing social media platform as the company pursues a merger with a fusion power company.
The company said a spin-off would occur after a $6 billion merger with fusion energy firm TAE Technologies.
President Trump's media company, which is merging with a fusion energy player, is exploring whether to spin off Trump Social as a publicly traded concern.
Trump Media said it was considering separating Truth Social into a separate, publicly traded company.
TMTG seeks to focus on becoming significant player in nuclear energy industry ...
Trump Media & Technology Group (DJT) said it is engaged in talks over a potential spin-off of businesses, including Truth Social.
Plan would give TMTG holders SpinCo shares before its merger with TAE, then combine SpinCo with Texas Ventures III to form a separate pure-play.
The potential new company would be dubbed SpinCo and remain under the purview of the larger firm, post-merger.
Every other day, I'm disappointed by a Truth Social post.