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.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Allianz quarterly top line climbs 10%
Shedding light on power sector prospects
Capitalising on future trade tariffs
Affin Bank 3Q earnings jump 45%

Others Also Read