“This month, former President Donald Trump’s media company announced it was making its first major purchase: technology to help stream TV on Truth Social, its Twitter-like platform,” ProPublica reports.
“There was a mystery at the center of the deal: One of the companies on the other side of the transaction, which went unmentioned in Trump Media’s press release but was named in securities filings, is an obscure entity called JedTec LLC. Based in a North Louisiana village, the company has virtually no public footprint and no website, and it is unknown to streaming technology experts.”
“Interviews and public records reveal that the man behind JedTec is Louisiana energy magnate James Davison. A major Republican donor, he is known for his immense influence in state and federal government, including personal friendships with past presidents, and for using his wealth to benefit people in politics.”
“The acquisition will put Trump’s company in a business relationship with someone with numerous interests before the federal government.”
