Good morning. In April 2022 Elon Musk announced that he wanted to buy twitter. He made an offer which Twitter’s board reacted to by creating a ‘poison pill’ (this meant that an acquisition of more than 15% of the company would trigger a flood of shares to be released into the market - it is a device used by companies to prevent hostile takeovers). On 25th April 2022, Twitter’s board accepted Musk’s offer to buy the company for $44 billion.
Elon Musk & Twitter
Elon Musk & Twitter
Elon Musk & Twitter
Good morning. In April 2022 Elon Musk announced that he wanted to buy twitter. He made an offer which Twitter’s board reacted to by creating a ‘poison pill’ (this meant that an acquisition of more than 15% of the company would trigger a flood of shares to be released into the market - it is a device used by companies to prevent hostile takeovers). On 25th April 2022, Twitter’s board accepted Musk’s offer to buy the company for $44 billion.