An article reported by the New York Times claims that to counter Elon Musk’s hostile takeover of Twitter, the board will take a poison pill.
"What's happening?!" asks even Twitter's own bio.
In the midst of Elon Musk's effort to buy Twitter, a fast-paced Thursday—and preceding couple of weeks—could be said to be the same.
According to reports published Thursday by The New York Times and The Information, Twitter's board of directors is unlikely to accept the offer.
Twitter did not respond to requests for comment.
According to The Information, a source familiar with the situation told them that Musk's takeover effort had been rejected by the board.
Meanwhile, two people familiar with the matter told The New York Times that Twitter's board is considering using a "poison pill" to prevent Musk from pressuring the company into selling.
According to the New York Times, the board of directors met on Thursday to discuss Elon Musk's offer to buy the firm for $43 billion...