Investors greenlight Donald Trump’s $6 billion social media merger deal

Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a tie-up currently worth about $6 billion.

The deal values Trump’s majority stake in the company that holds his app Truth Social at about $3.6 billion. The windfall could prove vital as Trump grapples with the financial fallout of a string of legal cases against him, including a $454 million judgment in a civil fraud case in New York.