Poison Pill

Following Elon Musk's staggering $43 billion offer to buy Twitter, the company's board adopted a "poison pill" defense to stop the entrepreneur from taking over the social media giant. However, the strategy may not be enough to prevent Musk from succeeding in his takeover bid. A “poison pill” effectively allows…

Twitter has responded to Elon Musk's bid to take over the company with a $43 billion offer by adopting a "poison pill" to fight the tech entrepreneur's plan. On Friday, Twitter's board enacted the defensive measure that is meant to deter Musk's hostile takeover bid. The company said in a…