Poison pills have been around for decades. The lawyer Martin Lipton, a founding partner of Wachtell, Lipton, Rosen & Katz, invented the maneuver, also called a shareholder rights plan, in […]
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Back to news homeDaily Crunch: To complicate Musk’s attempt to swallow Twitter, board approves ‘poison pill’ strategy
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Welcome to the Daily Crunch for Friday, […]
Twitter Expected to Employ Poison Pill to Counter Musk Takeover
Twitter on Friday unveiled its counterattack against Elon Musk by putting in place a corporate maneuver known as a poison pill.The strategy aims to slow or block Mr. Musk’s $43 […]
Elon Musk, After Toying With Twitter, Now Wants It All
Should Twitter put such a measure in place, Mr. Musk could take his bid directly to shareholders with a so-called tender offer. If they like Mr. Musk’s offer, they could […]
Daily Crunch: Elon Musk sets sights on Twitter with unsolicited $43B takeover bid
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Welcome to the Daily Crunch for Thursday, […]
Twitter investor sues Elon Musk over delay in disclosure of stake
A Twitter shareholder is suing Tesla CEO Elon Musk in a federal securities class action lawsuit because Musk failed to disclose his 5% stake in the social media company when […]
Twitter Grapples With an Elon Musk Problem
SAN FRANCISCO — Bright and early on Monday, Elon Musk sent the government a surprising new document.In it, the world’s wealthiest man laid out his possible intentions toward Twitter, in […]
Twitter rolls back change, restoring the text of deleted embedded tweets
Twitter quietly reversed a controversial decision the company implemented last week, restoring the text of since-deleted tweets embedded on external websites. The change was first spotted by Twitter user @RuinDig. […]
Elon Musk Will Not Join Twitter’s Board, Company Says
Elon Musk, the world’s wealthiest man and the biggest shareholder of Twitter, will no longer join the social media service’s board of directors, the company said late Sunday.The move capped […]
Elon Musk is not joining Twitter board, CEO Parag Agrawal says
Elon Musk is not joining Twitter’s board, the social network’s chief executive Parag Agrawal said, in a surprising reversal following last week’s announcement that the Tesla and SpaceX chief executive had […]