Twitter enacts ‘poison pill’ measure to defend itself against Elon Musk takeover

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Move will kick in if Tesla boss manages to buy more than 15 per cent of the platform

Mr Musk offered the social media platform’s board $54.20 per share in cash to take total ownership of the company as he insisted he was the right leader to “unlock” its “extraordinary potential”.Mr Musk made his offer for Twitter in a letter to board chairman Bret Taylor.

 

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Twitter adopts 'poison pill' strategy to defend against Elon Musk takeover bidThe Tesla chief executive has offered to buy the company outright for more than $43bn (£33bn), saying the social media platform 'needs to be transformed as a private company' in order to build trust with its users. Elon should give his money away to the working class and the poor they need it more than him! People seriously saying “thank god” don’t realize what this means when the stocks open up. It’s gonna crater so fucken hard lol. ShortItForElon
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Twitter Is Adopting a 'Poison Pill' Defense Against Elon Musk's Offer. Here's What That MeansTwitter is adopting a 'poison pill' defense against Elon Musk's offer. Here's what that means Good. Twitter needs to fight elonmusk any way they can. TAXTHERICH
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Twitter Adopts 'Poison Pill' Defence To Thwart Elon Musk Takeover BidThe move would allow Twitter shareholders to buy more shares at a discount, diluting the billionaire's stake in the social media company.
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