Twitter on Friday adopted a limited-duration shareholder rights plan to guard itself from billionaire entrepreneur Elon Musk’s $43bn money takeover supply.
Musk, the chief government of Tesla and the world’s richest individual, had supplied to purchase the social media platform for $43.4bn, arguing he needed to launch its “extraordinary potential” to assist free speech and democracy internationally.
Musk’s bid got here after the entrepreneur had purchased a 9.2% stake in Twitter and was supplied a seat on the board, which he declined.
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