Trump Media & Technology Group Corp., the company behind Truth Social, is getting into nuclear fusion.
The company said Thursday it will merge with TAE Technologies Inc., a closely held fusion developer founded in 1998, in a transaction valued at more than $6 billion. Shareholders of each company will own about 50% of the combined business after the all-stock deal is completed, Trump Media said in a statement.
The deal marks another dramatic pivot for President Donald Trump’s social media company, which has unveiled plans for a wide array of new business ventures this year — ...
