There is potential for significant financial gain for Donald Trump stemming from a proposed media company merger.
A Delaware judge declined to block an upcoming shareholder vote on a merger between Trump Media & Technology Group and Digital World Acquisition Corp, a special purpose acquisition company.
This could result in over $4 billion for Trump based on his 8.6% ownership stake in Trump Media.
The judge’s decision came despite objections from Trump Media co-founders who claim the merger reduces Trump’s ownership.
If the merger is approved in the upcoming shareholder vote, it would provide a financial boost to Trump following a $350 million civil penalty against him in a New York court case.
His social media platform Truth Social also stands to benefit significantly if it goes public, potentially increasing the value of his stake in that company to $4 billion as well.
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