Trump could potentially receive $3.5 billion if he merges his media group: report


Former President Donald Trump could make $3.5 billion if he decides to merge his Trump Media & Technology Group with shareholders. 

Shareholders from Digital World Acquisition Corp. (DWAC)  are voting Friday on whether merge with Trump and his technology company, according to CBS News.

DWAC is described as a special purpose acquisition company that specializes in taking private businesses public while not conducting an initial public ask.

If Trump Media & Technology Group was to merge with Digital World Acquisition, it would be renamed Trump Media & Technology Group Corp. and would trade under the stock ticker DJT, court filings read. 

If this deal occurs, Trump would control 78.8 million of the shares in the company.

Such a deal appears to be the works and Trump faces mounting legal fees and payments.



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