Donald J. Trump's latest business is in the form of a Special Acquisition Company (SPAC) named Digital World Acquisition Corporation (DWAC). This company will trade on the NASDAQ market under the ticker DWAC. It's a special acquisition company that targets direct broadcast satellite television and broadband providers and other communications assets for acquisition and growth.
Trump is expanding its portfolio of brands with the launch of the new venture. The SPAC will make special acquisition company (SPAC) investments in the $2.5 trillion U.S. real estate investment market at an opportune time. Trump currently owns 17% of the common stock in the company.
Over the years, Donald Trump has grown his business interests into a patchwork of ventures that now sprawls over 100 countries. While most of these projects have been traditional investments and development deals, plans just threw those plans in the air with the announcement today that Trumps newest company will be known as Digital World Acquisition Corp. (DWAC), a special acquisition company that will target Internet deals.
DWAC today announced a portfolio of new investments that will bring new jobs to America and tap into under-used opportunities in the worlds of digital and social media.
Trump has always been a big believer in the Internet and its ability to reshape the world economy. U.S. President Donald Trump's son-in-law and trusted advisor Jared Kushner just released a statement that the President, along with two of his adult sons and "an unnamed business associate," have been working on a deal to acquire land in Mexico and Canada for the SPAC. The company's mission is to acquire major real estate across all borders by representing only top class products as well as offering deals to develop resorts, shops and other forms of entertainment.
The acquisition company will also focus on acquiring interests in businesses that are undergoing rapid change triggered by the proliferation of digital tools and platforms, such as PayPal when it was acquired by eBay, or LinkedIn when it was acquired by Microsoft. Digital World's management team will leverage the firm's deep corporate partnerships and business relationships to benefit from tectonic shifts occurring in the Internet, Mobile Technologies, Cloud Computing, Big Data Analytics and Artificial Intelligence markets.
