Trump Media explores spinning off Truth Social platform

Trump Media & Technology Group Corp. announced on Friday that it is exploring a strategic restructuring that would involve spinning off its core business units, including the social media platform Truth Social, into a new publicly traded company. The organization is currently in discussions with TAE Technologies and Texas Ventures Acquisition III regarding the potential transaction.

Under the proposed framework, shares of the newly formed spin-off entity would be distributed to eligible shareholders of the parent company. Following this distribution, the new business would merge with a special purpose acquisition company to complete its transition to a standalone public listing. The move is designed to separate the social media operations from the broader corporate structure of the parent group.

While negotiations are currently underway, the company noted that the plan has not yet been finalized and remains subject to change.

No definitive agreement has been reached and discussions remain ongoing.

The announcement comes as the media group evaluates options to optimize its asset portfolio and enhance shareholder value through the independent positioning of its digital platforms. Further details regarding the valuation or the specific timeline for the spin-off have not been provided at this stage.