While American electric car maker Tesla CEO Elon Musk has proposed to buy Twitter, local media have reported that the company is considering takeover defense measures, and future developments are twisted. Expected.
Elon Musk, who is considered to be the richest man in the world, announced on the 14th that he has made a proposal for acquisition to Twitter, which is his largest shareholder.
On the other hand, the Twitter side held a board of directors to discuss the response, and according to the story of several local media, the takeover defense measures were considered.
Specifically, the introduction of a method called "poison pill" that reduces the ratio of voting rights of hostile acquirers is being discussed, and it is expected that a conclusion will be reached soon.
Meanwhile, Mr. Musk said at an event on the 14th that "having a trusted platform is extremely important for the future of civilized society" and expressed his willingness to acquire and reform Twitter.
He also said that he had "alternatives" if the takeover offer was rejected, and future developments are expected to be twisted.
This proposal is to invest 5 trillion yen in Japanese yen to acquire Twitter shares.
While Mr. Musk has huge assets, many of them are said to be stocks, and the proposal is of great interest, including how to raise funds for the acquisition.