Eye on Musk’s next move in Twitter takeover bid


DETROIT: Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla chief executive officer’s (CEO) next move.

The social media company has adopted a “poison pill” defence that makes it difficult for Musk or any other investor to buy Twitter without the board of directors’ approval.

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