{"id":1441883,"date":"2022-04-16T20:29:36","date_gmt":"2022-04-17T00:29:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1441883"},"modified":"2022-04-16T20:29:42","modified_gmt":"2022-04-17T00:29:42","slug":"twitters-poison-pill-plan-to-block-elon-musk-from-buying-the-company-may-not-be-enough-to-stop-him","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twitters-poison-pill-plan-to-block-elon-musk-from-buying-the-company-may-not-be-enough-to-stop-him\/","title":{"rendered":"Twitter\u2019s \u2018Poison Pill\u2019 Plan To Block Elon Musk From Buying The Company May Not Be Enough To Stop Him"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftwitters-poison-pill-plan-to-block-elon-musk-from-buying-the-company-may-not-be-enough-to-stop-him%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1441883&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/EM2-1-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Twitter\u2019s attempts to stop entrepreneur Elon Musk, the world\u2019s richest man, from buying the company by adopting a so-called \u201cpoison pill\u201d defense may not be enough to stop Musk from succeeding in his quest to take over the company.<\/p>\n<p>A \u201cpoison pill\u201d effectively allows all shareholders, except those trying to buy out the company, to purchase newly offered shares at a discounted price. Musk would have to purchase the new shares at a higher price, which could end up being too much for him to afford, if he wanted to takeover the company.<\/p>\n<p>The Washington Post <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/04\/15\/twitter-poison-pill\/\">reported<\/a>:<\/p>\n<blockquote>\n<p><em>As a result, Musk\u2019s chances at a clean takeover of Twitter have been severely reduced. He will now have to negotiate with the board, revise his offer or be prepared to pony up significantly more cash \u2014 something corporate governance experts said is highly unlikely. There are other, more extreme options, such as waging a fight to unseat the board, but they would represent an even more complicated path for Musk.<\/em><\/p>\n<\/blockquote>\n<p>Despite throwing a massive roadblock in Musk\u2019s way, the adoption of the poison pill would not bar Musk from being able to buy the company, it would only make it harder.<\/p>\n<p>\u201cA poison pill is a way to stave off someone until you can get a higher price. It makes it outrageously expensive for the person to buy it,\u201d said Charles Elson, the founding director of the University of Delaware\u2019s Weinberg Center for Corporate Governance. \u201cIt\u2019s a doomsday machine, it\u2019s the atomic bomb, everyone gets wiped out \u2014 that\u2019s the key.\u201d<\/p>\n<p>The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/twitter-uses-poison-pill-to-stop-musk-heres-how-that-works-and-what-could-happen-next\">reported<\/a> on Friday:<\/p>\n<blockquote>\n<p><em>There are three possible outcomes now, none of which are ideal for Twitter\u2019s current board: Musk could win by successfully initiating a proxy contest to remove the directors and nix the poison pill; Musk forces the company to find a \u201cwhite knight,\u201d or alternative buyer, potentially at a higher price, thus making his shares more valuable; Musk walks away and leaves the company and the board facing a pile of lawsuits as shareholders blame them for hurting the value of their stock.<\/em><\/p>\n<\/blockquote>\n<p>The New York Post <a href=\"https:\/\/nypost.com\/2022\/04\/15\/elon-musk-considers-bringing-in-partners-on-twitter-bid-sources\/\">reported<\/a> on Friday that Musk was speaking with other investors who may align with his vision for the company in an effort to get more financial backing so that he can take over the company.<\/p>\n<p>Dallas Mavericks owner Mark Cuban suggested this week that Musk should team up with right-wing billionaire Peter Thiel to buy the company.<\/p>\n<p>\u201cWant to see the whole world lose their s***?\u201d Cuban tweeted. \u201cGet Peter Thiel to partner with Elon and raise the bid for Twitter.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Want to see the whole world lose their shit ? Get Peter Thiel to partner with Elon and raise the bid for Twitter<\/p>\n<p>\u2014 Mark Cuban (@mcuban) <a href=\"https:\/\/twitter.com\/mcuban\/status\/1514617987206066182?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p>\n<\/blockquote>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter\u2019s attempts to stop entrepreneur Elon Musk, the world\u2019s richest man, from buying the company by adopting a so-called \u201cpoison pill\u201d defense may not be enough to stop Musk from<\/p>\n","protected":false},"author":102,"featured_media":1443744,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1441883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1441883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1441883"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1441883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1443744"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1441883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1441883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1441883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}