(Reuters) – President Donald Trump’s new social media venture Trump Media & Technology Group and Digital World Acquisition Corp. said it had signed subscription agreements to raise about $1 billion from a group of investors.
DWAC said it will provide up to $293 million in partnership with Trump’s media venture, bringing the total proceeds to about $1.25 billion.
Reuters reported exclusively on Wednesday that the social media venture is looking to raise up to $1 billion by selling shares to hedge funds and family offices.
(Reporting by Juby Babu in Bengaluru; Editing by Daniel Wallis)
https://whbl.com/2021/12/04/trumps-social-media-venture-to-raise-about-1-billion-in-funds/ Trump’s Social Media Venture To Raise About $1 Billion