finance.yahoo.com - Trump media merge nuclear fusion
theguardian.com - Truth social merger fusion power tae

Donald Trump’s loss-making social media business has announced plans to merge with a fusion power company.

Trump Media and Technology Group, owner of the US president’s minnow Truth Social platform, unveiled an extraordinary merger worth more than $6bn with TAE Technologies, combining its social media operation with a vast bet on the AI boom driving a surge in energy demand. Shares in TMTG surged 27% during early trading in New York on Thursday.

TAE, backed by Alphabet’s Google and Chevron, the oil giant, is aiming to develop and sell next-generation neutral beam systems for fusion and related applications in a more cost-effective manner.

The firm behind President Donald Trump's Truth Social platform is merging with a Google-backed energy company in a deal valued at more than $6bn (£4.4bn).

Trump Media & Technology Group (TMTG) and TAE Technologies announced the plans on Thursday in a joint statement, which said the move would "create one of the world's first publicly traded fusion companies".

Fusion power is a method of generating energy from heat released by nuclear fusion reactions. It could release vast amounts of energy with little associated radioactivity.

The statement said the combined company planned to begin constructing the "world's first utility-scale fusion power plant" next year, with further plants to follow.

Under the merger both firms will have an equal 50% share in ownership after the deal is completed, which is expected by mid-2026 pending regulatory and shareholder approvals.

The combined company will have a nine-member board including Trump Media's current chief executive Devin Nunes, who will be co-chief executive of the new firm, and the president's son Donald Trump Jr.

One half does the hard work and the other the sales?

Jeff