Jeff Yass, a billionaire Republican megadonor, was the largest institutional shareholder of a shell firm that merged with former President Donald Trump’s social media firm final week, in accordance with the New York Instances.A December submitting exhibits that Yass’ agency Susquehanna Worldwide Group owned 2% of Digital World Acquisition Corp., which on Friday merged with Trump Media & Know-how Group, which owns Reality Social. The stake was price about $22 million based mostly on the final closing value, in accordance with the report.It’s unclear if the agency nonetheless owns these shares, but when it does, it could make it certainly one of Trump Media’s greatest institutional shareholders following the merger, in accordance with the Instances.“Susquehanna is a market maker and has zero financial curiosity in Trump Media,” the corporate stated in a press release. “The agency’s lengthy place is offset by quick positions of the identical measurement.”Filings present that the agency used offsetting securities to attempt to decrease its beneficial properties or losses within the inventory, in accordance with the report.Yass can be a significant shareholder in ByteDance, which owns TikTok. The Home earlier this month voted to drive the corporate to promote TikTok. Trump, who beforehand supported banning TikTok within the U.S., reversed his stance forward of the invoice shortly after a gathering with Yass, although he stated the 2 by no means mentioned TikTok.A supply near Trump’s marketing campaign instructed the Instances that Yass was anticipated to offer a big donation to a gaggle backing Trump however Yass by a spokesperson stated he has by no means donated to Trump and has no plans to take action.