Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal

[berg80]

Former President Donald Trump was accused in a lawsuit on Wednesday of trying to “drastically dilute” the value of stock shares in his social media company held by the firm’s co-founders, potentially depriving them of hundreds of millions of dollars in profits.

The partnership, United Atlantic Ventures, alleges that Trump Media & Technology Group engaged in “wrongful 11th hour … maneuvering” to dilute UAV’s minority stake in the media company, a court filing says.


The Delaware Chancery Court lawsuit comes in advance of the planned merger of TMTG with a shell company called Digital World Acquisition Corp., which would result in the shares of the combined entity being publicly traded.

If DWAC shareholders approve the merger next month, Trump’s 90% stake in TMTG could be valued at more than $3 billion, given DWAC’s current share price.

Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal

A merger by Trump's social media company could net him billions of dollars, a potential lifeline as he faces more than $500 million in civil judgments.

www.cnbc.com

Wait......what........Trump is trying to screw people he is in business with! Of course he is.

 

[konradv]

Former President Donald Trump was accused in a lawsuit on Wednesday of trying to “drastically dilute” the value of stock shares in his social media company held by the firm’s co-founders, potentially depriving them of hundreds of millions of dollars in profits.

The partnership, United Atlantic Ventures, alleges that Trump Media & Technology Group engaged in “wrongful 11th hour … maneuvering” to dilute UAV’s minority stake in the media company, a court filing says.


The Delaware Chancery Court lawsuit comes in advance of the planned merger of TMTG with a shell company called Digital World Acquisition Corp., which would result in the shares of the combined entity being publicly traded.

If DWAC shareholders approve the merger next month, Trump’s 90% stake in TMTG could be valued at more than $3 billion, given DWAC’s current share price.

Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal

A merger by Trump's social media company could net him billions of dollars, a potential lifeline as he faces more than $500 million in civil judgments.

www.cnbc.com

Wait......what........Trump is trying to screw people he is in business with! Of course he is.

If it weren’t for screwing his associates, contractors and customers, Trump would likely be a two-bit ‘bridge and tunnel’ landlord, desperately trying to cling to his father’s sordid legacy.

 

[JLW]

Trump screwing over someone is about as predictable as finding sand in the Sahara Desert.

 

[Magnus]

Former President Donald Trump was accused in a lawsuit on Wednesday of trying to “drastically dilute” the value of stock shares in his social media company held by the firm’s co-founders, potentially depriving them of hundreds of millions of dollars in profits.

The partnership, United Atlantic Ventures, alleges that Trump Media & Technology Group engaged in “wrongful 11th hour … maneuvering” to dilute UAV’s minority stake in the media company, a court filing says.


The Delaware Chancery Court lawsuit comes in advance of the planned merger of TMTG with a shell company called Digital World Acquisition Corp., which would result in the shares of the combined entity being publicly traded.

If DWAC shareholders approve the merger next month, Trump’s 90% stake in TMTG could be valued at more than $3 billion, given DWAC’s current share price.

Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal

A merger by Trump's social media company could net him billions of dollars, a potential lifeline as he faces more than $500 million in civil judgments.

www.cnbc.com

Wait......what........Trump is trying to screw people he is in business with! Of course he is.

Awww... poor orange loser.

 

[surada]

Trump screwing over someone is about as predictable as finding sand in the Sahara Desert.

Watch this. It's just shocking how many people who worked for Trump are against him.