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Trump Media, TAE No Longer Pursuing Truth Social Spinoff

Trump Media, TAE No Longer Pursuing Truth Social Spinoff
Bloomberg Technology Wednesday 10 June 2026, 13:13 UTC By Molly Schuetz 1 min read
Key Points

Telecom Trump Media, TAE No Longer Pursuing Truth Social Spinoff Trump Media & Technology Group, TAE Technologies Inc. and Texas Ventures Acquisition III have decided not to continue pursuing a spinoff of some media assets, including Truth Social. Trump Media and TAE, a California-based fusion-energy company, remain committed to finalizing their $6 billion merger announced late last year, the companies said in a statement on Wednesday. They intend to close the transaction in the fourth...

Telecom Trump Media, TAE No Longer Pursuing Truth Social Spinoff Trump Media & Technology Group, TAE Technologies Inc. and Texas Ventures Acquisition III have decided not to continue pursuing a spinoff of some media assets, including Truth Social. Trump Media and TAE, a California-based fusion-energy company, remain committed to finalizing their $6 billion merger announced late last year, the companies said in a statement on Wednesday. They intend to close the transaction in the fourth quarter of this year or sooner.
Trump Media (ORG) Trump Media & Technology Group (ORG) TAE Technologies Inc. (ORG) Texas Ventures Acquisition III (ORG) Truth Social (ORG) TAE (ORG) California (LOCATION)
Originally published by Bloomberg Technology Read original →

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