SEC Investigating Trump’s Social Media SPAC Deal

The SEC is probing Digital World Acquisition Corp. — the publicly traded special purpose vehicle that plans to merge with former president Donald Trump’s social media startup.

Vice Media Faces Uncertain Future After SPAC Talks Fall Through

Vice Media Puts Value At Nearly $3B In SPAC Deal

Vice Media Group’s plans to go public through a nearly $3 billion merger with a blank-check firm would leave existing investors with control of the company and remove Vice’s onerous financial obligations to private-equity firm TPG, according to people familiar with the matter. The blank-check firm, 7GC & Co. Holdings, is preparing to pitch institutional investors on the deal beginning this week, the people said. Company investors — including Disney, A&E Networks and TPG — would remain shareholders under the proposed structure.