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%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: TODAYonline - 🏆 1. / 99 Read more »