Trump Media, fusion power firm TAE Technologies combine in $6 billion deal
Yahoo Finance·2025-12-18 11:36
Dec 18 (Reuters) - U.S. President Donald Trump's social media firm is entering the fusion-power business through a $6 billion merger with privately held TAE Technologies, betting on the 7experimental technology as AI datacenters drive a surge in energy demand. The all-stock deal announced on Thursday comes just days after industry representatives met government officials to urge federal funding for the nascent fusion industry and adds to the Trump family's holdings in businesses ranging from cryptocurr ...