There are two reasons to suspect that Digital World and Trump Media may have pre-arranged their merger
On December 6th Digital World Acquisition Corp, the special purpose acquisition company which struck a deal to merge with Trump Media & Technology Group, the media company founded by Mr Trump, revealed in a regulatory filing that the, Wall Street’s main regulator, and the Financial Industry Regulatory Authority, an exchange watchdog, had made inquiries into the firms’ dealings.
. The first is just how quickly it came to pass. Mosts hunt for months, sometimes more than a year, to find a target. Digital World raised $288m on September 8th and announced the merger with Trump Media six short weeks later, on October 20th. The second is that Patrick Orlando, now the boss of Digital World, was apparently talking to Mr Trump’s representatives about a deal as early as April, according to theon May 25th, Digital World said it had neither picked nor “initiated any substantive discussions” with a merger target. Around July, before Digital World’s fundraising, a Trump Media executive said the firm was in an “exclusive agreement” to merge with an unidentifieds.
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