President Donald Trump’s media company, Trump Media & Technology Group (TMTG), said on Dec. 18 that it has signed a definitive agreement to merge with nuclear fusion firm TAE Technologies in an all-stock transaction valued at more than $6 billion, an ambitious tie-up the companies said was a bid to help “power America’s technology revolution.”
In a joint statement, TMTG—owner of Truth Social—and TAE said the deal seeks to create one of the world’s first publicly traded fusion companies.
In a post on Truth Social, TMTG described the move as a natural extension of its broader mission.
“From its inception, TMTG has been dedicated to building things the American people needed,” the company said, citing the launches of Truth Social and Truth+. “And as our country positions itself to achieve global technology dominance in AI, quantum computing, and other groundbreaking innovations, we’re merging with @TAE to build the engine we believe will power America’s technology revolution.”…