Truth Social parent explores spinning off social media platform

Trump Media & Technology

27/02/2026 19:05

Feb 27 (Reuters) - Trump Media & Technology Group DJT.O said on Friday it is in discussions with TAE Technologies and Texas Ventures Acquisition III about spinning off businesses including Truth Social into a new publicly traded company.

Under the proposal, shares in the spun-off company will be distributed to eligible TMTG shareholders, after which the new entity would merge with the special purpose acquisition company.

TMTG said no definitive agreement has been reached and discussions remain ongoing.

(Reporting by Akash Sriram in Bengaluru; Editing by Jonathan Ananda)

((Akash.Sriram@thomsonreuters.com; On X as @HoodieOnVeshti; +91-99017-77617;))