Elon Musk is attempting a hostile takeover of Twitter. Here's how that could work.
As a result, he now owns over 9% of the company's stock — and now he's vying for the other 91% as well. Last week, in a letter to Twitter's board chairman,Twitter's board, however, had other plans: In a filing with the US Securities and Exchange Commission, the board embraced aThe concept is used by public companies to avoid being acquired against their will, and it works by making the target company more expensive.
One recent example of a friendly takeover — albeit one that's still going through the regulatory approval process — is . Microsoft worked directly with Activision leadership and its board of directors, which approved the terms of the deal before anything was officially announced.
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