“For nearly a year, regulators have been examining whether a proposed merger involving the social media company backed by former President Donald Trump broke securities laws,” the New York Times reports.
“To save the deal ahead of a December deadline, lawyers for Digital World Acquisition Corp., the special purpose acquisition company that plans to merge with Trump Media & Technology Group, recently met with regulators to plead their case. Trump Media stands to get $300 million if the deal is completed, money it would use to fund its Truth Social media platform.”
“Digital World’s case could hinge on the meaning of the word ‘substantive.'”
?Political Trivia
Eight moments in political history. Put them on a timeline.
Play →
Five senators. Three bills. Can you guess how they all voted?
Play →
Nine Justices. One case. How did they rule?
Play →
Do you have your finger on the pulse of America?
Play →
Four questions a day.
Play →
A new game every day.