unsaveSave
expand-left
full screen Republican and ex-president Donald Trump, photographed in Florida earlier this week. Photo: Wilfredo Lee/AP/TT
Former US President Donald Trump’s media company, which owns the social media platform Truth Social, appears to be headed for the stock market. This after the shareholders of the Nasdaq-listed company Digital World Acquisitions voted for a merger with Trump Media & Technology Group.
The deal is expected to give Trump a substantial addition in the form of shares that could be worth up to 3 billion dollars, according to information in the American media.
It is very welcome for Trump, who by Monday must pay more than $450 million in fines imposed in a civil fraud case in New York. A problem for the ex-president, who by all accounts will be the Republican presidential candidate in the fall presidential election, is that the new shares cannot be sold until after six months at the earliest.