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Twitter adopts poison pill defense to block Elon Musk takeover

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CommunityNews

Twitter adopts poison pill defense to block Elon Musk takeover

Twitter’s board of directors announced in a press release that the company is adopting a limited duration shareholder rights plan — a “poison pill” in merger and acquisition lingo. While the company doesn’t name Elon Musk directly, Twitter is clearly trying to prevent the billionaire from buying the social network. Elon Musk currently owns 9.2% […]

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OvermindDL1

OvermindDL1

Here’s one of the original reddit’s CEO’s take on it, well worth a read of this thread:

https://twitter.com/yishan/status/1514938507407421440?fbclid=IwAR1f97bn8NenhN0MgYQynnNylj1pvRTd1qwOghsIfnaWxKblRon9Lb9MwiA

3
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brennan

brennan

What would be the consequences if Elon Musk takes over Twitter? Will it be bad for everyone?

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mindriot

mindriot

That is probably the most insightful thing I’ve read on the topic, thanks for sharing.

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