Twitter Adopts 'Poison Pill' Defense In Response To Musk Takeover Bid

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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