Trump Media & Technology Group, TAE Technologies Inc. and Texas Ventures Acquisition III say they are no longer pursuing a planned spinoff of certain media assets, including Truth Social. Bloomberg, Yahoo Finance and The Next Web report that the companies decided not to continue with the spinoff after earlier efforts to restructure parts of Trump Media’s holdings. The outlets cite a joint statement in which the three companies say they remain focused on completing their previously announced merger.
The Next Web adds that the companies continue working toward closing the $6 billion merger between Trump Media and TAE Technologies, targeting a completion date in the fourth quarter of 2026. The reports frame the spinoff decision as a change to the transaction’s structure rather than an abandonment of the broader deal.
Channel NewsAsia references the same outcome, stating Trump Media and TAE will not spin off Truth Social. Across the sources, the key common elements are the cancellation of the spinoff and the stated intent to move forward with the merger.
