Trump social media merger hit with grand jury subpoenas

Donald Trump.
(Image credit: JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

The special purpose acquisition company, or SPAC, merging with former President Donald Trump's social media company has been hit with subpoenas from a federal grand jury in New York, The New York Times reports Monday, per a regulatory filing.

The subpoenas were issued to Digital World Acquisition and its directors within the past week, the Times reports. The merger between Digital World and Trump Media & Technology Group — after which Trump Media would "assume Digital World's listing and trade as a public company" — has been under investigation by regulators for months, the Times adds.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Brigid Kennedy

Brigid Kennedy worked at The Week from 2021 to 2023 as a staff writer, junior editor and then story editor, with an interest in U.S. politics, the economy and the music industry.