Good news regarding Donald Trump’s finances.
The decision by shareholders on March 22 on a merger between Trump Media & Technology Group has been approved by Delaware Judge Sam Glasscock III, which might result in a $4 billion profit for President Trump.
Co-founders of Trump Media Andy Litinsky and Wes Moss objected, claiming that the merger will reduce Trump’s 8.6% ownership stake; nonetheless, the court maintained the ruling. Former rivals on Trump’s television program “The Apprentice,” Litinsky and Moss, eventually teamed up with him to launch Trump Media.
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Before the vote on March 22, Glasscock declined to set up a hearing on the merger that is being contested. In a Zoom call, he said, “Maybe the whole thing will go away” if Trump consents to put the additional shares in an escrow account while the dispute is ongoing.
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