{"id":60211,"date":"2022-04-16T10:40:55","date_gmt":"2022-04-16T07:40:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60211"},"modified":"2025-09-05T02:02:09","modified_gmt":"2025-09-04T23:02:09","slug":"twitter-board-adopts-poison-pill-plan-to-defend-against-elon-musks-takeover","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/twitter-board-adopts-poison-pill-plan-to-defend-against-elon-musks-takeover\/","title":{"rendered":"Twitter board adopts poison-pill plan to defend against Elon Musk’s takeover"},"content":{"rendered":"

The Twitter board announced<\/a> the unanimous adoption of a plan to protect shareholder rights following Elon Musk’s proposal to acquire the social network.<\/p>\n

According to the company’s statement, the initiative aims to realise the full value of investors’ stake in Twitter. The plan will run until 14 April 2023.<\/p>\n

The defensive tactic known as a \u201cpoison pill\u201d (poison pill<\/a>) is designed to protect the company from unwanted takeovers.<\/p>\n

The plan allows shareholders to buy additional corporate shares at a discount in the event that any entity or individual acquires 15% of Twitter’s shares without the board’s approval.<\/p>\n

The move is intended to \u201cdilute\u201d the stake of a potential buyer to make the takeover less attractive.<\/p>\n

In April, Musk became the company\u2019s largest shareholder after the purchase of 9.2% of shares for $2.89 billion<\/a>. He proposed lowering the price of Twitter Blue and adding a payment in Dogecoin (DOGE)<\/a>.<\/p>\n

On April 14, Musk proposed to buy Twitter for more than $43 billion<\/a>. He said this was aimed at creating an \u201cinclusive arena for free speech\u201d<\/a>, rather than to make money.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Twitter board announced the unanimous adoption of a plan to protect shareholder rights following Elon Musk’s offer to acquire the social network.<\/p>\n","protected":false},"author":1,"featured_media":60212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,40],"class_list":["post-60211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60211"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60211\/revisions"}],"predecessor-version":[{"id":60213,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60211\/revisions\/60213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60212"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}