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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
Here’s one of the original reddit’s CEO’s take on it, well worth a read of this thread:
brennan
What would be the consequences if Elon Musk takes over Twitter? Will it be bad for everyone?
mindriot
That is probably the most insightful thing I’ve read on the topic, thanks for sharing.
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