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NEW YORK — The so-called "poison pill" Twitter has proposed to use against Elon Musk's potential "hostile" takeover is a mechanism with a proven track record that could force the outspoken entrepreneur into negotiations.To halt a takeover, the board plans to activate the pill if the Tesla CEO comes to own more than 15 per cent of Twitter. He already holds 9.2 per cent of the
Tesla founder Elon Musk dissed Bill Gates' gut on Twitter today, posting a photo of the Microsoft mogul alongside Apple's controversial pregnant man emoji 'in case you need to kill a boner.'
The so-called "poison pill" Twitter has proposed to use against Elon Musk's potential hostile takeover is a mechanism with a proven track record that could force the outspoken entrepreneur into negotiations.
The board plans to activate the pill if the Tesla CEO comes to own more than 15 percent of Twitter.
Musk, the CEO of the American car company, is now set to receive a bonus share payout after the company posted a $3.3 billion quarterly profit on Wednesday.