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https://www.msn.com/en-us/news/poli...up-241b-in-capital/ar-AARt7aS?ocid=uxbndlbing
Trump media partner says it has lined up $1B in capital
6 hrs ago
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PALM BEACH, Florida (AP) — Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors.
FILE - In this Dec. 31, 2020, file photo, President Donald Trump arrives on the South Lawn of the White House, in Washington. Trump's first post-White House book will be, like so much else about him, a departure from other former presidents. “Our Journey Together” is scheduled for Dec. 7, 2021, but not through a traditional New York publisher. (AP Photo/Evan Vucci, File)© Provided by Associated Press FILE - In this Dec. 31, 2020, file photo, President Donald Trump arrives on the South Lawn of the White House, in Washington. Trump's first post-White House book will be, like so much else about him, a departure from other former presidents. “Our Journey Together” is scheduled for Dec. 7, 2021, but not through a traditional New York publisher. (AP Photo/Evan Vucci, File)
The former president launched his new company, Trump Media & Technology Group, in October. He unveiled plans for a new messaging app called “Truth Social” to rival Twitter and the other social media platforms that banned him following the Jan. 6 insurrection at the U.S. Capitol.
TMTG’s plan is to become a publicly listed company through a merger with the publicly traded Digital World Acquisition Corp., a special purpose acquisition company whose sole purpose is to acquire a private company and take it public.
The institutional investors were not identified in a press release issued Saturday by Trump Media and Digital World. The money would come from “a diverse group" of investors after the two companies are combined, it said.
Digital World said in the release that the $1 billion is above the $293 million (minus expenses) that it may invest.
"I am confident that TMTG can effectively deploy this capital to
https://www.msn.com/en-us/news/poli...up-241b-in-capital/ar-AARt7aS?ocid=uxbndlbing
Trump media partner says it has lined up $1B in capital
6 hrs ago
3 Comments
|
16
Michigan parents found in building; bond set at $500K apiece
A man jumped out of taxiing airplane at Phoenix's Sky Harbor International Airport
PALM BEACH, Florida (AP) — Donald Trump’s new social media company and its special purpose acquisition company partner say the partner has agreements for $1 billion in capital from institutional investors.
FILE - In this Dec. 31, 2020, file photo, President Donald Trump arrives on the South Lawn of the White House, in Washington. Trump's first post-White House book will be, like so much else about him, a departure from other former presidents. “Our Journey Together” is scheduled for Dec. 7, 2021, but not through a traditional New York publisher. (AP Photo/Evan Vucci, File)© Provided by Associated Press FILE - In this Dec. 31, 2020, file photo, President Donald Trump arrives on the South Lawn of the White House, in Washington. Trump's first post-White House book will be, like so much else about him, a departure from other former presidents. “Our Journey Together” is scheduled for Dec. 7, 2021, but not through a traditional New York publisher. (AP Photo/Evan Vucci, File)
The former president launched his new company, Trump Media & Technology Group, in October. He unveiled plans for a new messaging app called “Truth Social” to rival Twitter and the other social media platforms that banned him following the Jan. 6 insurrection at the U.S. Capitol.
TMTG’s plan is to become a publicly listed company through a merger with the publicly traded Digital World Acquisition Corp., a special purpose acquisition company whose sole purpose is to acquire a private company and take it public.
The institutional investors were not identified in a press release issued Saturday by Trump Media and Digital World. The money would come from “a diverse group" of investors after the two companies are combined, it said.
Digital World said in the release that the $1 billion is above the $293 million (minus expenses) that it may invest.
"I am confident that TMTG can effectively deploy this capital to
