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Investing.com -- The Board of Directors for Trump Media and Technology Group Corp. (NASDAQ:DJT), the operator of social media platform Truth Social, streaming platform Truth+, and FinTech brand Truth.Fi, has given approval for the company’s leaders to establish a strategic acquisition fund with chosen investors. This fund is being created to develop and carry out financial strategies for potential mergers and acquisitions, aligning with the company’s existing expansion plan.
The company, also known as TMTG, is actively looking for opportunities to collaborate with, merge with, or acquire other entities active in the growing America First Economy. The ideal partners are those that could benefit from TMTG’s technology and branding, and that could operate effectively if TMTG evolves into a holding company with many largely independent subsidiaries across various industries.
TMTG’s CEO and Chairman, Devin Nunes, stated, "TMTG aims to grow robustly with great strategic partners who share our mission. We’re hoping to expand our tech footprint even as we branch out into finance and other industries. The America First economy is a fantastic sector with enormous potential, and we want all its participants to know that TMTG intends to make this market even greater." His statement indicates the company’s commitment to expanding its influence and operations in the America First Economy, by partnering with other companies in this market.
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