Trump Media to merge with fusion energy firm in $6bn deal

The company behind former US President Donald Trump's Truth Social media platform, Trump Media & Technology Group (TMTG), has announced a merger with a fusion energy firm, Digital World Acquisition Corp (DWAC), in a $6 billion deal. The merger will create a new publicly traded company that will focus on developing and commercializing fusion energy technology. TMTG's founder and former President Trump will serve as the chairman of the new entity. The deal comes as a surprise, as TMTG was initially established to develop and operate Truth Social, a social media platform that aims to rival mainstream platforms like Twitter and Facebook. The move into the energy sector is seen as a strategic diversification for the company. The merger is subject to regulatory approval and the completion of the proposed transaction. If approved, the deal would provide TMTG with the resources and expertise to advance its fusion energy technology and potentially contribute to the global transition towards clean energy sources.