Trump Media Targets Nuclear Fusion Through Merger With TAE

Trump Media Combines With TAE in Nuclear Play

Trump Media & Technology Group Corp., the company behind Truth Social, is getting into nuclear fusion.

The company said Thursday it will merge with TAE Technologies Inc., a closely held fusion developer founded in 1998, in a transaction valued at more than $6 billion. Shareholders of each company will own about 50% of the combined business after the all-stock deal is completed, Trump Media said in a statementBloomberg Terminal.