$6 bn deal: Truth Social parent to merge with Google-backed fusion reactor firm

Published 3 hours ago
Source: timesofindia.indiatimes.com
$6 bn deal: Truth Social parent to merge with Google-backed fusion reactor firm
Truth Social's parent company, Trump Media, is merging with fusion energy firm TAE. This all-stock deal aims to develop the world's first utility-scale fusion power plant by 2026, potentially powering AI's growing energy demands. The combined entity, co-led by Devin Nunes and Michl Binderbauer, seeks to secure America's energy future, though the merger awaits shareholder and regulatory approval.