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The merger of Truth Social’s parent company and the special purpose company set up to acquire it was completed Monday. Shares of the combined company, which will be named Trump Media & Technology Group (TMTG), are expected to begin trading on the Nasdaq stock exchange under the ticker symbol DJT. TMTG, as a publicly traded company, will continue to be led by Chief Executive Officer, Devin G. Nunes, and its existing management team. Shares of DWAC, the special acquisition vehicle, soared on Monday. At around noon, they were up by more than 20 percent.

WASHINGTON — Much attention has been paid to the Air Force’s plans to junk an older group of F-22 Raptor jets, but newer, more combat-capable versions of the stealth fighter are the service’s “highest priority” for a near-term fight, according to a senior official. Speaking at the McAleese Defense Programs conference today, Air Force acquisition boss Andrew Hunter called the F-22 the “foundation” of the service’s airpower amid a larger effort to “reoptimize” for competition with China, noting that the jet will serve a vital role until its successor, the Next Generation Air Dominance (NGAD) platform, comes online. “F-22 is...

The Federal Trade Commission on Monday announced that it filed a lawsuit to stop Kroger Company’s proposed $24.6 billion acquisition of Albertsons Companies, Inc. over concerns that the merger would create a monopoly. The FTC said that the deal, which is the largest proposed supermarket merger in U.S. history, is "anticompetitive" and will end competition between the two chains, which would lead to higher grocery prices and lower quality products. "Kroger’s acquisition of Albertsons would lead to additional grocery price hikes for everyday goods, further exacerbating the financial strain consumers across the country face today," FTC's Bureau of Competition Director...

The acquisition of 3.4 million acres of U.S. agricultural land by foreign entities in 2020, nearly 2% of the entire U.S. landmass, is a serious threat to national sovereignty. Driven by foreign-controlled wind energy projects, this trend has increased since 2017, with diverse ownership from countries like the United Arab Emirates, Venezuela, Saudi Arabia, and others. Congress recently removed provisions addressing this, indicating a failure to protect national interests.

Beattie's Closing statement in video clip: "This is a declaration of war on the corrupt and illigitimate stake holders of our regime"

Summary * Trump Media & Technology Group's paid subscription offer, TMTG+, offers massive upside. * $1.0B PIPE deal shows strong demand for a rival social network. * If Trump Media & Technology Group gets the same valuation as Twitter or Meta Platforms, based on sales, Digital World Acquisition Corp.'s market cap could rise by a factor of 3X. Blank check company Digital World Acquisition Corp. (DWAC) is merging with Trump Media & Technology Group. The announcement initially created a frenzy for shares of Digital World Acquisition Corp. but shares have started to surge again. TRUTH Social could become a major...

The U.S. Treasury Department said the sale of Magnachip Semiconductor Corp. to a Chinese private equity firm poses “risks to national security,” as Chinese investments in critical technologies meet with enhanced U.S. scrutiny.Magnachip, a South Korean producer for display and power chips, sold its controlling stake in late March to Chinese private equity firm Wise Road Capital in an all-cash deal worth about $1.4 billion.The Committee on Foreign Investment in the United States (CFIUS), the U.S. interagency panel overseen by the Treasury Department that scrutinizes foreign deals for national security implications, sent a letter to Magnachip on Aug. 27, saying...

A Chinese-owned company said on Monday that it had acquired the UK’s largest manufacturer of silicone and semiconductor. The deal has triggered warnings from MPs. Nexperia, a Dutch-based semiconductor manufacturer wholly owned by China’s Wingtech Technology, confirmed on Monday that it had obtained 100 percent ownership of Welsh semiconductor plant Newport Wafer Fab (NWF), and will rename it “Nexperia Newport.” British MP and chair of the Parliament’s Foreign Affairs Select Committee Tom Tugendhat has previously warned the government about the deal. In a letter (pdf) to Secretary of State for Business, Energy, and Industrial Strategy (BEIS) Kwasi Kwarteng last month,...

Since President Donald J. Trump took office on January 20th, almost 3,100 merger or acquisition (M&A) deals have been announced, per recently released data from Thomson Reuters. 2017 continues to be the art of the deal as there have already been 13 deals valued at over $5 billion dollars since the Trump administration took charge. Cross-border deals are also at record highs. As the mainstream media continues to decry the mounting political and economic uncertainty around the world as a result of the hard-to-predict Trump administration, the global economy centered around the vibrant U.S. market appears to be doing just...

Israel is contemplating the acquisition of additional Boeing F-15Is to support its future combat requirements. Although the country's air force investment is currently focused on the acquisition of 50 Lockheed Martin F-35s, Tel Aviv believes it needs more than one strike aircraft in its inventory. During briefings ahead of the 12 December arrival of Israel’s first F-35s, air force officials indicated that they were considering buying more of the legacy Boeing fighters. According to sources familiar with the matter, although the F-35’s stealth capabilities will be vital in the initial phase of a conflict, the air force will subsequently need...

Japanese tire maker Bridgestone Corp (5108.T) said it would buy auto parts retailer Pep Boys-Manny, Moe & Jack (PBY.N) for $835 million to expand its retail presence in the United States. The deal will boost Bridgestone's retail network by more than a third in the United States, the company said. Bridgestone operates a chain of auto care and tire stores in the United States through its Bridgestone Retail Operations (BSRO) unit. "Bridgestone is looking to expand its market share in services and tires ... it's a little harder to understand what they might do with (Pep Boys') retail operations but...

This week’s business news concerns yet another high profile corporate merger. Less than two years after office supply and computer retailers Office Depot and Office Max were forced into a merger, it now looks like Staples will be acquiring them. Where once there were three retailers, soon (or eventually, since such consolidations do take time), there will be only one. The Resident of the White House, no doubt remembering that the success of Staples was an early credit to his rival Mitt Romney’s storied career as an investment wizard, lost no time in taking pot-shots against Staples for its employee...

The Japanese Yen has been one of the strongest currencies among the developed nations of the world since the end of LTRO (up 6%). This strength (repatriation flows and or carry unwind?) combined with a dismal domestic economic growth environment appears to have pushed Japanese firms to spend spend spend for growth. The latest and greatest Softbank/Sprint deal will shift this year's Japanese corporate acquisition of foreign companies to near-record levels. As Bloomberg Briefs notes, this will be the country's largest overseas acquisition on record - exceeding Japan Tobacco's $19bn acquisition of the UK's Gallaher Group in 2007. However,...

NOTE The following text is a quote: Acquisition Reform Plays Key Role in Pentagon’s Cost Savings By Lisa Daniel American Forces Press Service WASHINGTON, July 15, 2010 – The Defense Department has the opportunity to save billions of taxpayer dollars through acquisitions reform, but only if it grows its workforce with the right federal workers in place to oversee contracts, a senior Pentagon official said today. “There is a significant opportunity to save billions of dollars, but only if we have a well-trained and sufficient workforce,” Shay Assad, the acting director of the department’s procurement and acquisition policy, said during...

BURBANK, Calif. - Spider-Man and Iron Man have a new boss: The Walt Disney Co. Disney announced this morning that it is buying Marvel Entertainment -- and the more than 5,000 Marvel characters. They include X-Men, Captain America, Fantastic Four and Thor. "This is a great fit for us," Disney boss Bob Iger told CNBC this morning. He said the acquisition was a way to attract more boys. Disney said the transaction value is $50 per Marvel share -- or about $4 billion. Iger said the acquisition will grow both Disney and Marvel.

DOD’s major weapon systems programs continue to take longer to develop, cost more, and deliver fewer quantities and capabilities than originally planned. DOD also continues to face long-standing challenges managing service contracts and contractors. For example, the oversight of service contracts has been recognized as a material weakness in the Army... Several underlying systemic problems at the strategic level and at the program level continue to contribute to poor weapon systems acquisition. The total acquisition cost of DOD’s 2007 portfolio of major programs has grown by 26 percent over initial estimates... DOD largely continues to define warfighting needs and make...

S. Korea's KDB says buying Lehman a possibility By Kim Yeon-hee SEOUL (Reuters) - State-run Korea Development Bank KDB.UL said on Friday that Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research, Stock Buzz) is one of its options for acquisitions, as the struggling U.S. investment bank considers securing much-needed capital from investors. The potential interest lifted Lehman's shares 11.3 percent, a day after a report said KDB and another Asian investor had walked away from a potential deal with the U.S. investment bank. KDB said Friday it was open to mergers or acquisitions of both domestic and foreign companies to...

Chinese bank gets approval to buy into SAfrican bank in US$5.46 billion deal By SCOTT McDONALD,Associated Press Writer AP - Monday, February 4 BEIJING - China's biggest bank said Sunday it has received approval to buy a 20 percent stake in South Africa's biggest lender, the latest big-ticket overseas expansion by Chinese investors. ADVERTISEMENT The deal between state-owned Industrial & Commercial Bank of China Ltd. and Standard Bank Group Ltd. is one of China's biggest foreign corporate acquisitions to date. "The Chinese Banking Regulatory Commission has approved the plan by the Industrial and Commercial Bank of China to take the...

Copy China and invest abroad, says Medvedev By Catherine Belton in Moscow Published: January 31 2008 19:19 | Last updated: January 31 2008 19:19 Dmitry Medvedev, Russia’s most likely next president, called on Russian business people on Thursday to copy China and go on a global buying spree of foreign companies to bolster the economy and cut dependence on technology from abroad. In his first speech to Russian big business since being named by Vladimir Putin as his preferred successor, Mr Medvedev pledged Kremlin support for companies seeking assets abroad. “This is a very important task. The majority of powerful...

Ping An in $22bn push for overseas targets By Jamil Anderlini in Beijing Published: January 20 2008 19:19 | Last updated: January 21 2008 02:57 Ping An Insurance, China’s second-largest insurer, plans to raise almost $22bn to help fund aggressive foreign acquisition plans in China’s biggest-ever share sale. The size of the share issue – three times the amount the company raised in its initial public offering a year ago – indicates that Chinese companies want the financial resources to acquire or buy into weakened western rivals, according to analysts and bankers. Many US and European financial services companies have...