{"id":4852,"date":"2025-12-18T16:29:20","date_gmt":"2025-12-18T16:29:20","guid":{"rendered":"https:\/\/microvibenews.com\/?p=4852"},"modified":"2025-12-18T16:29:20","modified_gmt":"2025-12-18T16:29:20","slug":"devin-nunes-and-trump-media-get-in-bed-with-google-backed-nuclear-fusion-company-in-surprise-6-billion-merger","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=4852","title":{"rendered":"Devin Nunes and Trump Media get in bed with Google-backed nuclear fusion company in surprise $6 billion merger"},"content":{"rendered":"

<\/p>\n

Trump Media & Technology will merge with a fusion power company in an all-stock deal that the companies said Thursday is valued at more than $6 billion.<\/p>\n

\n

Devin Nunes, the Republican congressman who resigned in 2021 to become the CEO of Trump Media, will be co-CEO of the new company with TAE Technologies CEO Michl Binderbauer.<\/p>\n

The combined company says it plans to find a site and begin construction next year on the \u201cworld\u2019s first utility-scale fusion power plant,\u201d with aims to\u00a0provide the electricity\u00a0needed for artificial intelligence.<\/p>\n

Shares of\u00a0Trump Media & Technology, the parent company of President Donald Trump\u2019s Truth Social media platform, have tumbled 70% this year but jumped 20% before the opening bell Thursday.<\/p>\n

Backed by Google and other investors, TAE is a private company and the merger with Trump Media would create one of the first publicly traded nuclear fusion companies.<\/p>\n

\u201cWe\u2019re taking a big step forward toward a revolutionary technology that will cement America\u2019s global energy dominance for generations,\u201d Nunes said in a prepared statement.<\/p>\n

TAE focuses on nuclear fusion, a technology that combines two light atomic nuclei to form a single heavier one. It releases enormous amount of energy, a process that occurs on the sun and other stars, according to the United Nations\u2019 International Atomic Energy Agency. It\u2019s been seen as a promising\u00a0solution to climate change\u00a0caused by burning fossil fuels, but one that is a long way off compared to today\u2019s clean technologies like wind and solar.<\/p>\n

TAE and Trump Media shareholders will each own approximately 50% of the combined company.<\/p>\n

Trump is by far the largest stakeholder in Trump Media, owning 41% of all outstanding shares.<\/p>\n

In October, the U.S. Department of Energy released what it called a \u201croadmap\u201d for fusion technology, with the aim of fostering \u201ca burgeoning fusion private sector industry in the U.S. toward maturity on the most rapid timeline.\u201d A number of tech companies, including Google, Microsoft and OpenAI CEO Sam Altman, have shown interest in fusion technology as a way of powering the energy-hungry data centers needed to build and run their AI products.<\/p>\n

TAE and Trump Media say the transaction values each TAE common stock at $53.89 per share.<\/p>\n

At closing, Trump Media & Technology Group will be the holding company for Truth Social and TAE, along with its subsidiaries TAE Power Solutions and TAE Life Sciences.<\/p>\n<\/div>\n

#Devin #Nunes #Trump #Media #bed #Googlebacked #nuclear #fusion #company #surprise #billion #merger<\/p>\n","protected":false},"excerpt":{"rendered":"

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