Twitter’s board has armed itself against a possible takeover after Elon Musk, the world’s richest man, said he wants to buy the social media giant.
The billionaire has made an offer of $43bn. According to Musk, Twitter needs to be taken private to grow and become a platform for free speech. But the Twitter board is fighting back.
It has adopted a so-called “poison pill” plan that will prevent anyone from owning more than a 15 percent stake in the company.
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