article thumbnail

Financier Found Guilty in Trump Media Insider Trading Trial

The New York Times: Mergers, Acquisitions and Dive

Bruce Garelick was convicted of securities fraud for leaking confidential information about a merger involving the parent company of Truth Social, Donald Trump’s social media site.

Media 132
article thumbnail

Trump’s Multibillion-Dollar Social Media Company Will Start Trading on Tuesday

The New York Times: Mergers, Acquisitions and Dive

Trump Media & Technology Group completed a deal to merge with Digital World Acquisition Corp., The merger increases the former president’s net worth by roughly $3 billion. a cash-rich shell company.

Media 135
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trump Media Merger Is Approved, Providing Fresh Source of Cash

The New York Times: Mergers, Acquisitions and Dive

The deal will pump money into Trump Media, which will allow Truth Social to keep operating. Mr. Trump’s personal stake in the company will be worth more than $3 billion on paper.

Media 145
article thumbnail

Trump Media Sued by Co-Founders, Threatening to Delay Its Merger

The New York Times: Mergers, Acquisitions and Dive

Lawsuits could stall Trump Media’s long-delayed merger, which would provide the social media company with cash to fund Donald J. Trump’s Truth Social.

Media 103
article thumbnail

Trump’s Media Company Gets Lofty Valuation on First Trading Day

The New York Times: Mergers, Acquisitions and Dive

Trump Media & Technology Group, fresh from a merger with a cash-rich shell company, started trading on the Nasdaq, adding billions of dollars to the former president’s wealth.

Media 140
article thumbnail

Merger of Trump’s Social Media Firm Could Provide Him Needed Cash

The New York Times: Mergers, Acquisitions and Dive

The former president’s social media company is finally set to go public. He could borrow against the value of his stake in the company.

Media 139
article thumbnail

Lofty Valuation Carries Trump’s Social Media Company Into First Trading Day

The New York Times: Mergers, Acquisitions and Dive

Trump Media & Technology Group, fresh from a merger with a cash-rich shell company, is set to trade Tuesday on the Nasdaq, adding billions of dollars to the former president’s wealth.

Media 122