Trump Media drops Truth Social spinoff, keeps TAE merger

This article was published on June 10, 2026 The plan was to place Truth Social into a new public company run by Trump family allies. That plan is dead, but the merger with a California fusion startup is still on track for Q4. TL;DRTrump Media dropped its planned Truth Social spinoff into a SPAC run by Trump family allies. The $6 billion fusion merger with TAE Technologies is still on track for Q4 2026. Trump Media dropped its planned Truth Social spinoff into a SPAC run by Trump family allies. The $6 billion fusion merger with TAE Technologies is still on track for Q4 2026. Trump Media & Technology Group, TAE Technologies, and Texas Ventures Acquisition III have decided not to proceed with a planned spinoff of Truth Social and other media assets. The three companies said in a statement on Wednesday that Trump Media and TAE remain committed to closing their $6 billion merger in the fourth quarter of 2026 or sooner. The spinoff discussions began in February, when the companies announced they were exploring a deal to place Truth Social into a new publicly traded entity that would merge with Texas Ventures Acquisition III, a blank-check firm. Texas Ventures is run by allies and busines