Overview
- Trump Media & Technology, parent of Truth Social, announced a definitive agreement to combine with TAE Technologies in a transaction valued at $6 billion.
- Closing is targeted for mid-2026 and remains subject to shareholder and regulatory approvals.
- Devin Nunes and TAE chief executive Michl Binderbauer are slated to share leadership of the combined company.
- Shareholders of each firm are expected to own roughly half of the new corporation if the deal completes.
- Trump Media shares have fallen nearly 70% in 2025, and the companies frame the merger as a potential path to rebuild market value.