New Delhi, Dec. 18 -- Trump Media & Technology Group said on Thursday (December 17) it will merge with nuclear fusion company TAE Technologies in an all-stock transaction valued at more than $6 billion, a surprise move that would make the combined entity one of the first publicly traded fusion energy companies.

Under the deal, Trump Media - the parent of US President Donald Trump's Truth Social platform - and privately held TAE Technologies will each own roughly 50% of the combined company. The transaction values TAE's common stock at $53.89 per share, the companies said.

Devin Nunes, the former Republican congressman who stepped down from Capitol Hill in 2021 to become chief executive of Trump Media, will serve as co-CEO of the new com...