SEC clears Trump's social media deal worth as much as $10 billion

By News on the Net Reuters —— Bio and Archives February 17, 2024

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 The U.S. Securities and Exchange Commission allowed Donald Trump's media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.

The valuation is about half that of Elon Musk's much more popular social media company X and follows two years of setbacks in the Trump company's quest to complete a stock market listing. -- More...