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Twitter Adopts 'Poison Pill' Defense In Response To Musk Takeover Bid
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Elon Musk's bid for Twitter is driven by his belief in free speech, not financial gain. Twitter's board views this as a hostile takeover and has adopted a poison pill defense to prevent Musk from gaining control without paying a premium or allowing more time. Musk already owns over 9% of Twitter and has offered to buy the rest, valuing the company at over $43 billion.
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