Twitter adopts ‘poison pill’ to prevent Elon Musk takeover

Posted on April 15, 2022
Twitter adopts ‘poison pill’ to prevent Elon Musk takeover

Twitter logo displayed on a phone screen and Elon Musk's Twitter profile displayed on a screen are seen in this illustration photo taken in Krakow, Poland on April 14, 2022. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images)

Twitter’s board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk’s $54.20 per share offer to take the social media giant private.