Twitter adopts 'poison pill' to block Elon Musk from taking over the company

  • 📰 MetroUK
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 82%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Twitter’s board of directors voted unanimously in favour of the move, which would make it more difficult for Musk to purchase the social media company and take it private.

Twitter shared its poison pill plan on Friday, a day after billionaire Elon Musk said he wanted to buy the company and take it private

The provision will go into effect if Musk, or any other investor, acquires more than 15% of Twitter’s shares. Twitter said its plan wouldn’t prevent the board from engaging with parties or accepting an acquisition proposal if it’s in the company’s ‘best interests.’

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

good. power crazed like our present gov, cannot leave anything alone . go way Musk, go away Johnson and your crew, for gods sake.

Twitter support sucks way before any of this.

Limeylizzie From what Musk said on his Ted Squawk he doesn't want to pay or it himself. He said he wants 2000 others to help pay the $43 billion dollar. I got the impression this is another stunt like he pulled when he said he was taking Tesla private. He didnt have the money then either.

Canada Canada Latest News, Canada Canada Headlines