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Originally published by Capital Business
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business
December 19, 2025
4h ago

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

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

  DEC 19 - The firm behind President Donald Trump's Truth Social platform is merging with a Google-backed energy company in a deal valued at more Kenya breaking news | Kenya news today |..

✨ Key Highlights

Trump Media & Technology Group (TMTG), the company behind Truth Social, is set to merge with TAE Technologies, a Google-backed energy firm, in a deal valued at over $6 billion. This unexpected move will create one of the world's first publicly traded fusion companies, with plans to build the first utility-scale fusion power plant by next year.

  • The merger is valued at more than $6 billion (£4.4 billion), with both firms holding an equal 50% ownership.
  • Key figures include Devin Nunes, co-chief executive of the new firm, and Donald Trump Jr. serving on the nine-member board.
  • Trump Media will provide up to $200 million (£149 million) in cash to TAE Technologies upon completion of the deal, with an additional $100 million (£74.7 million) made available later.

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