Trump Media Merges with TAE in $6B Fusion Deal

Trump Media & Technology Group, the parent company of President Donald Trump's Truth Social platform, announced on Thursday an all-stock merger with TAE Technologies, a developer of nuclear fusion technology, in a deal valued at more than $6 billion. The transaction, which aims to position the combined entity as one of the first publicly traded nuclear fusion companies, will see shareholders from both firms owning approximately 50 percent of the new company.

Under the agreement, Trump Media & Technology Group will serve as the holding company for Truth Social, TAE Technologies, and TAE's subsidiaries, including TAE Power Solutions and TAE Life Sciences. The merger values each share of TAE common stock at $53.89. Devin Nunes, the former Republican congressman who became chief executive of Trump Media in 2021, will serve as co-chief executive alongside TAE's current chief executive, Michl Binderbauer. The boards of both companies have unanimously approved the deal, which is expected to close by mid-2026 pending shareholder approval and regulatory clearance.

The merged company plans to select a site and begin construction next year on what it describes as the world's first...