Connect with us

Hi, what are you looking for?

U.S. News

How President Trump Could Potentially Profit $4 Billion from Court Ruling

via The New York Times
This article was originally published at Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

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.

Read Also:

Bombshell Decision from Michelle Obama on 2024 Run

Former Border Chief Shreds Biden With 4 Simple Words

You May Also Like