Twitter adopts 'poison pill' defense against Musk buyout bid
Washington (AFP) - Twitter moved Friday to defend itself against Elon Musk's $43 billion hostile takeover bid, announcing a "poison pill" plan that would make it harder for the billionaire to get a controlling stake. Musk's proposed buyout faces several hazards, including possible rejection and the challenge of assembling the money, but could have significant impacts on the key social media service if consummated. Twitter said its board unanimously adopted a so-called shareholder rights plan, also known as a "poison pill," which kicks in if an investor buys more than 15 percent in shares witho...