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Updated · Bloomberg · Jun 10Trump Media Drops Truth Social Spinoff to Prioritize $6 Billion TAE Merger
2 articles · Updated · Bloomberg · Jun 10Summary
- Trump Media, TAE Technologies and Texas Ventures Acquisition III said they will stop pursuing a spinoff of media assets including Truth Social.
- The companies said the move is meant to keep focus on completing their $6 billion merger, which was announced late last year.
- Trump Media and TAE said they still aim to close the transaction in the fourth quarter of 2026 or sooner.
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