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Twitter Board Fights Elon Musk Bid

Twitter’s board has armed itself against a possible hostile takeover – a day after billionaire Elon Musk made a $43bn (£33bn) offer to buy the platform. It has adopted what is known as a “limited-duration shareholder rights plan”, also known as a “poison pill”. A takeover bid is considered hostile when one company tries to acquire another against the wishes of that company’s management – in Twitter’s case, its executive board. Do you think that Twitter “take over” by Elon Musk is hostile ?

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