Musk targets Twitter board as company adopts 'poison pill'

April 18 - Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a "poison pill" to protect itself from the second-biggest shareholder's $43 billion cash buyout offer.

Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photochief executive also tweeted "Love Me Tender", an Elvis Presley song, after Twitter opted a plan to sell shares at a discount to prevent any attempt by shareholders to amass a stake of more than 15%. Musk currently has a 9.1% stake.

Dorsey's statement was a reply to a tweet by venture capitalist Garry Tan that said: "The wrong partner on your board can literally make a billion dollars in value evaporate."

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Elon Musk registers three 'X Holdings' companies to support Twitter takeover bidElon Musk has registered three companies in Delaware under the name ‘X Holdings’ to support his bid to buy Twitter and take the social media giant private. XXX cute Get it Elon Diversified holding to deviate SEC attention from a hostile takeover of twitter by Elon Musk.
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