Trump Media to Merge With TAE Tech in $6 Billion Deal
By Nicholas G. Miller
President Trump's media company Trump Media & Technology Group agreed to merge with fusion power company TAE Technologies in an all-stock deal worth more than $6 billion.
The companies on Thursday said the deal intends to combine Trump Media & Technology's access to capital and TAE's fusion technology to supply power for the artificial-intelligence technology boom.
Next year, the combined company would begin construction on a 50-megawatt utility-scale fusion power plant, the companies said. The companies plan to build additional fusion power plants to supply 350 to 500 megawatts, they said.
The transaction values each share of TAE stock at $53.89 a share. Trump Media and TAE shareholders will split ownership of the combined company about evenly.
The transaction is expected to close in mid-2026.
Trump Media shares rose 30% in premarket trading.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
December 18, 2025 07:07 ET (12:07 GMT)
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