Former President Trump\'s Media Company Nears Billion-Dollar Windfall

Published: 22 March 2024 at 06:14

Former President Donald Trump\'s media company, Trump Media & Technology Group, the owner of Truth Social, is on the brink of going public with shares worth over $3 billion if shareholders approve the merger with Digital World Acquisition Corp. However, experts believe this windfall may not solve Trump\'s financial woes as he faces a looming $464 million bond deadline in a civil fraud case. Despite potential challenges, the merger could lead to Trump owning a significant stake in the public company if approved by shareholders, with trading expected to begin shortly after the merger\'s closure.

SOURCES

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