Shares in Donald Trump's social media business, Trump Media & Technology Group Corp (NASDAQ:DJT), surged 34% after it agreed to merge with nuclear fusion developer TAE Technologies. TMTG, which owns the US president's Truth Social platform, said the merger will make it one of the world's first publicly traded fusion companies.
Trump Media & Technology Group ( NASDAQ:DJT ) — owner of President Trump's Truth Social platform — announced a shocking, all-stock merger agreement this morning with privately held nuclear fusion company TAE Technologies in a deal valuing the combined businesses at more than $6 billion.
Trump Media & Technology Group (DJT) shares entered Thursday down nearly 70% this year. They're making a chunk of it back this morning.
Trump Media & Technology Group Corp. (DJT) M&A Call Prepared Remarks Transcript
President Donald Trump's social media company, Trump Media and Technology Group (TMTG), said on Thursday that it's merging with TAE Technologies, a Southern California-based company that has been chasing the dream of fusion power for nearly 30 years.
Shares in the president's media company jumped premarket after it agreed to a tie-up with TAE Technologies in an all-stock deal.
Trump Media's stock is soaring as the Truth Social operator looks to get in on a hot AI power trend.
Shares of Trump Media (NASDAQ: DJT) jumped sharply in premarket trading on Thursday after the company unveiled a high-profile merger that dramatically expanded its strategic scope.
Trump Media and Technology Group announced a merger agreement with fusion power company TAE Technologies 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.
President Trump's media company Trump Media & Technology Group agreed to merge with fusion power company TAE Technologies in an all-stock deal worth more than $6 billion.
Trump Media & Technology and TAE Technologies have agreed to combine in an all-stock transaction valued at more than $6 billion, the companies said on Thursday.
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