berg80
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- Oct 28, 2017
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Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a privately held fusion power company, valued at more than $6 billion.
The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company.
Trump Media shares — which have plummeted more than 75% since their January peak — rocketed 33% higher after the opening bell.
The major pivot for Trump Media, which operates President Donald Trump’s social media platform, Truth Social, comes as America’s race against China for artificial intelligence superiority has fueled massive energy demand.
There are currently no commercial plants producing electricity using fusion, a futuristic technology that carries the potential to generate abundant energy without the risks associated with nuclear power.
www.cnbc.com
A media company merging with a speculative fusion power company? Does that make sense to anyone? It does to me, given trump can use his power as prez to direct government resources to make the merger profitable for him.
The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company.
Trump Media shares — which have plummeted more than 75% since their January peak — rocketed 33% higher after the opening bell.
The major pivot for Trump Media, which operates President Donald Trump’s social media platform, Truth Social, comes as America’s race against China for artificial intelligence superiority has fueled massive energy demand.
There are currently no commercial plants producing electricity using fusion, a futuristic technology that carries the potential to generate abundant energy without the risks associated with nuclear power.
Trump Media announces $6 billion merger with fusion company TAE Technologies; DJT stock soars 33%
Trump Media and Technology Group announced a merger agreement with fusion power company TAE Technologies valued at more than $6 billion.
www.cnbc.com
A media company merging with a speculative fusion power company? Does that make sense to anyone? It does to me, given trump can use his power as prez to direct government resources to make the merger profitable for him.
