Twitter Board members adopt a plan following Elon Musk $43 billion bid
Okay so after Elon Musk plans to buy twitter for $43 billion, the board members of Twitter have adopted a plan called “Poison Pill”,you know since Twitter is a public company and it has always been for sale (Jack Dorsey said that,in case you are wondering -check his twitter post) .
They said in a statement :“The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,”
During a livestream interview at the TED2022,Musk said he is “not sure” if he’ll actually be able to buy Twitter, though he said he does have “sufficient assets” to fund the deal if accepted.
He also said “there is” a Plan B if his initial offer to buy the company and take it private, which he called his “best and final,” is rejected.
Hmmm, Rich people problems…What do you guys think? Would it be nice if he buys Twitter?