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Technology: TWITTER RECOVERY BY ELON MUSK: The social network tries to counter the billionaire

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offensive The social network to the blue bird is the subject of a non-solicited takeover bid on the part of ELON MUSK .

  Reprise de Twitter par Elon Musk : le réseau social tente de contrer l'offensive du milliardaire © Provided by franceinfo

Twitter does not intend to let yourself be done. The social network at the Blue Bird, which is the subject of an unemployed public purchase offer on the part of ELON MUSK , announced on Friday, April 15 measures to defend itself from this offensive, supposed to prevent The richest man in the world to easily redeem his actions.

The company intends to use the so-called "poisoned pill" clause in the financial jargon. That is, he plans to sell his actions for all other shareholders. This clause will be triggered if ELON MUSK exceeds the 15% of Twitter shares without the agreement of the Board of Directors (CA). To date, the billionaire holds a little more than 9% of the company's capital at this stage.

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Trying to counter the billionaire

offensive if it reaches sufficient titles to reach 15%, all other shareholders of the platform will be able to redee at a reduced price. Result: Tesla's boss will have to pay much more money if he wants to fully put his hand on the social network.

The plan must "reduce the possibility that an entity, a person or a group will take control of Twitter by accumulating securities on the market without paying all the shareholders an appropriate premium or without giving sufficient time to the board of Administration to make informed decisions ", says the company based in San Francisco in a statement.

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