Twitter’s board of directors voted unanimously in favour of the move, which would make it more difficult for Musk to purchase the social media company and take it private.
Twitter shared its poison pill plan on Friday, a day after billionaire Elon Musk said he wanted to buy the company and take it private
The provision will go into effect if Musk, or any other investor, acquires more than 15% of Twitter’s shares. Twitter said its plan wouldn’t prevent the board from engaging with parties or accepting an acquisition proposal if it’s in the company’s ‘best interests.’
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