TECH - What's Going On With Trump Media & Technology Group Stock On Friday? (UPDATED) | Benzinga
Editor’s note: The article has been updated with details of the acquisition and rephrased for lucidity.
Trump Media & Technology Group Corp (NASDAQ:DJT) stock was volatile during Friday's trading session.
On Thursday, the company inked a deal to acquire critical assets for its planned content distribution network (CDN).
TMTG has acquired the non-exclusive perpetual licensing rights for new CDN technology from Perception Group, Inc.
This technology will initially power the streaming of linear TV through TMTG's social media platform, Truth Social, and eventually, it will extend to stand-alone applications.
The deal also includes a potential future buyout of Perception Group, but with immediate restrictions on Perception's operations in competitive markets in the U.S. for the next five years.
Trump Media proposes to finance the ...