Trump will break "very big" news regarding Obama Wednesday on Twitter. (Gage Skidmore/Flickr)

Although the mogul remained mum on the subject, he said the announcement will come via Twitter on Wednesday.

Trump's tendency to overhype prompted speculation on the matter, with talks centering on Obama divorce papers.

A Trump advisor shot down rumors that the announcement involved Obama and drug involvement in his college days, calling the news "substantially more important to the American people."

Read the full story at the LA Times.

Reach Supervising Executive Producer Amanda Martinez here.