Why is Twitter using a ‘poison pill’ on billionaire Elon Musk?

Published

2 years ago

April 18, 2022

Brittany Coles

Twitter’s board has adopted a ‘poison pill’ a day after billionaire Elon Musk made a eye-watering offer to buy the platform

Known as a “limited-duration shareholder rights plan”… twitter is fending off a hostile takeover

The move will prevent anyone from having more than a 15 per cent stake in the company.

It does this by allowing others to buy additional shares at a discount.

This major move comes a day after billionaire Elon Musk offered to buy the company for $43 billion dollars.

The Twitter board says it needed this plan of attack because of the “unsolicited, non-binding proposal to acquire Twitter”.

A poison pill is usually one of those last lines of defence against a company takeover.

Up Next

NFT vs Bitcoin – why isn’t it selling?

Don't Miss

Elon Musk has $3 billion in cash. How can he afford to buy Twitter?

Brittany Coles

Unpacking crypto ‘prop trading’

Published

7 hours ago

May 4, 2024

ticker NEWS

What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

Money

The art of technical analysis

Published

1 day ago

May 3, 2024

ticker NEWS

How can we master the art of technical analysis in the crypto space?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne unpacks technical analysis and how it can up your crypto game.

Money

Crypto: the benefits of government regulation

Published

1 day ago

May 3, 2024

ticker NEWS

How can government regulation lead to greater trust and interest in cryptocurrency?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne discusses the benefit of increasing government regulation in crypto.