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Trump Media seeking M&A activity in diversification bid

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Trump Media & Technology Group is planning to pursue potential mergers and acquisitions, U.S. President Donald Trump's social media firm said on Friday, as it looks to diversify into sectors such as financial services.
Trump Media & Technology Group (TMTG) is actively seeking mergers and acquisitions to diversify its business, as announced by the company on May 9, 2025. TMTG, which owns the social media platform Truth Social, aims to expand its operations and reduce its dependence on advertising revenue. The company is exploring potential deals in various sectors, including media, technology, and finance, to enhance its growth and market presence. This strategic move comes as TMTG looks to strengthen its position in the competitive social media landscape and broaden its revenue streams.

Read the Full reuters.com Article at:
[ https://www.reuters.com/business/trump-media-seeking-ma-activity-diversification-bid-2025-05-09/ ]