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Trump Media Stock Surges 35% On $6 Billion Merger With Fusion Company
Forbes· 2025-12-18 15:40
Trump Media & Technology Group (TMTG) shares rose more than 24% in premarket trading on Thursday.Shares of Trump Media soared more than 36% before paring back gains after the company announced an all-stock merger agreement with TAE Technologies in a deal valued at “more than $6 billion,” according to the firms.In a press release, the companies said the merger will be carried out through an all-stock transaction under which shareholders of each company will own around 50% of the combined company.Shares of Tr ...