News Formal

Trump media merger is approved, providing fresh source of cash

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Trump Media will debut with a market value of more than US$5 billion.

NEW YORK – Former president Donald Trump’s social media company on March 22 completed a long-awaited merger with a cash-rich shell company, raising Trump’s wealth by billions and potentially providing him a fresh source of cash to pay his mounting legal bills.

The deal will pump more than US$300 million into Trump Media, which has all but exhausted its available cash and will allow Truth Social, the company’s flagship digital media platform, to keep operating.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 8. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Social media company Reddit surges after NYSE debutNEW YORK — Shares of social media company Reddit soared nearly 50 per cent on the New York Stock Exchange on Thursday (March 21) in a buoyant market debut that raised hopes about the IPO market.
Fonte: TODAYonline - 🏆 1. / 99 Consulte Mais informação »