The settlement, which is subject to SEC approval, could help unlock hundreds of millions of dollars Trump’s company has been counting on for months. But the filing also hinted at a tension between the companies that could undermine the deal entirely.
The top financial partner of former president Donald Trump’s media company has offered to pay $18 million to the Securities and Exchange Commission to settle an investigation into its initial merger talks in hopes it could accelerate its long-delayed merger, the company said in an SEC filing Monday.
Digital World “expects to work with [Trump Media] in good faith to address this disagreement in a manner that is in the best interest of its shareholders,” the filing said. “The Company remains very interested in the transaction with [Trump Media] and is hopeful [the companies] can resolve this interpretative divergence.”
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