Former president Donald Trump asked Elon Musk last summer whether the billionaire industrialist would be interested in buying Trump’s social network Truth Social, according to two people with knowledge of the conversation, The Washington Post reported.
The talks reportedly occurred at a time when the long-gestating merger between Trump Media & Technology Group and Digital World Acquisition appeared to stall.
Citing two unnamed sources, the report claimed that Trump and Musk have been in contact regarding Truth Social “more than was previously known”. Despite the failed talks, the former president had allegedly told confidants that Musk should buy Truth Social.
Truth Social has faced significant financial challenges, losing tens of millions of dollars last year, according to Securities and Exchange Commission filings in November.
Digital World shareholders are scheduled to vote on the deal March 22. If approved, it could net Trump stock worth in excess of $3 billion. Read more.
