Twitter adopts ‘poison pill’ strategy to defend against Elon Musk takeover bid

Twitter’s board of directors unanimously adopted a “poison pill” defence in response to Elon Musk’s proposal to buy the company and take it private, the social media giant has said.

The strategy is formally called a “limited duration shareholder rights plan” and is used to defend against hostile takeovers.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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