TWITTER SWALLOWS ‘POISON PILL’: Board Takes Drastic Measures to Prevent Musk Takeover

Twitter’s board of directors really doesn’t want Tesla billionaire Elon Musk to takeover the social media platform. In response to Musk’s offer to buy the company for $43 billion dollars, the board has instead decided on “the poison pill.”

According to the Daily Wire, “The board has adopted a ‘limited duration shareholder rights plan,’ which gives Twitter’s existing shareholders, save Musk, time to purchase additional shares at a discount.”

“The desired effect is clearly to dilute Musk’s holding in the company, and make the cost of a takeover higher or even prohibitive,” DW adds.

This story is developing…