Twitter Adopts Poison Pill Plan To Shield Itself From Elon Musk Takeover Twitter
Musk, the CEO of Tesla and the richest man in the world, had offered to buy the social networking platform for $ 43.4 billion, claiming that he wanted to unleash its “extraordinary capabilities” to support freedom of speech and expression. democracy around the world. In response, Twitter’s board unanimously approved a plan Friday that would allow existing shareholders to buy shares at a significant discount in order to reduce new investor participation....