Trump’s social media company to go public after merger approved

Shareholders of Digital World Acquisition Corp, a publicly traded shell company, have voted to approve a deal to merge with the former US president’s media business.

The deal’s approval arrives at a time the presumptive Republican US presidential nominee is facing his most costly legal battle to date: a 454 million dollar judgment in a fraud lawsuit. One risk, the company said, is that Mr Trump would be entitled to vote in his own interest as a controlling stockholder – which may not always be in the interests of all shareholders.

Trump Media lost 49 million dollars in the first nine months of last year, when it brought in just 3.4 million dollars in revenue and had to pay 37.7 million dollars in interest expenses.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Trump’s social media company to go public after merger approvedDigital World Acquisition Corp shareholders voted to approve a deal to merge with Trump Media & Technology Group, including Truth Social.
Sumber: Glasgow_Times - 🏆 76. / 59 Baca lebih lajut »

Telegraph acquisition may 'operate against the public interest', Ofcom says, as investigation enters phase 2Regulatory approval may be a moot point as the government last week announced plans to ban foreign governments from owning British newspapers - effectively blocking the deal.
Sumber: SkyNews - 🏆 35. / 67 Baca lebih lajut »

Ker-Splunk! Cisco closes $28 billion analytics acquisitionJob one: Splunkify Talos threat intelligence, then do the same all over the Cisco portfolio
Sumber: TheRegister - 🏆 67. / 61 Baca lebih lajut »

EQT to Create a $35-Billion Integrated Natural Gas Company Via AcquisitionEQT Corporation has entered into a merger agreement to buy Midstream Corporation, an agreement that will create a company with a value exceeding $35 billion.
Sumber: OilandEnergy - 🏆 34. / 68 Baca lebih lajut »