Twitter on Friday adopted a shareholder rights plan for a limited time to defend itself against a $ 43 billion takeover bid for billionaire entrepreneur Elon Musk.
Musk, Tesla’s chief executive and the world’s richest man, has offered to buy the $ 43.4 billion social media platform, arguing that he wants to unleash its “extraordinary potential” to support freedom of speech and democracy. worldwide.
Musk’s offer came after the entrepreneur bought a 9.2% stake in Twitter and was offered a seat on the board, which he declined.
More details coming soon…
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