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Trump 'tried to sell Truth Social to Musk' as SPAC deal stalled (www.theregister.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 50 points 7 months ago

Feb 15 (Reuters) - 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.

So someone is essentially gifting Trump billions for a "merger".