Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a fusion power company, valued at more than $6 billion.The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company.The merger would create "one of the world's first publicly traded fusion companies," according to a press release.The announcement shows Trump Media, which operates President Donald Trump's Truth Social platform, branc ...

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 ...

Core Viewpoint - The merger between Trump Media & Technology Group Corp. (TMTG) and TAE Technologies, Inc. aims to create a leading fusion power company, with plans to construct the first utility-scale fusion power plant by 2026, valued at over $6 billion [1][5][7]. Company Overview - TMTG operates platforms like Truth Social and is focused on promoting free expression online, while TAE Technologies specializes in fusion power technology, aiming to provide clean, abundant energy [3][8][16]. - TAE has raised over $1.3 billion in private capital and has developed significant advancements in fusion technology over 25 years [5][10]. Transaction Details - The merger will result in a combined company where shareholders of TMTG and TAE will each own approximately 50% on a fully diluted equity basis [6][7]. - TMTG will provide up to $200 million in cash to TAE at signing, with an additional $100 million available upon initial filing of the Form S-4 [5][6]. Future Plans - The combined company plans to site and begin construction on the first utility-scale fusion power plant (50 MWe) in 2026, with additional plants expected to range from 350 to 500 MWe [5][8]. - TAE's technology is expected to transform America's energy supply, contributing to economic growth and energy security [3][5]. Leadership and Governance - The combined company will be co-led by Devin Nunes (TMTG Chairman and CEO) and Dr. Michl Binderbauer (TAE CEO), with a nine-member board of directors [11][12]. - Michael B. Schwab is expected to be named Chairman of the board [5][12]. Market Position - The merger positions the combined entity as one of the world's first publicly traded fusion companies, leveraging TMTG's capital access and TAE's technological expertise [5][7]. - TAE's advancements in fusion technology aim to provide reliable, affordable, and carbon-free electricity, addressing the growing global energy demand [8][10].