Quartz
Why Twitter reconsidered Elon Musk’s buyout deal
When Elon Musk offered to buy Twitter for $43 billion 10 days ago, the platform didn’t welcome him with open arms. The Tesla and SpaceX CEO is in some ways Twitter’s biggest fan–he uses the platform to share views and news to such an extent that the US Securities and Exchange Commission stepped in to require that company lawyers help moderate his feed. Twitter initially responded with a “poison pill” defense that would dilute the value of Musk’s shares, if triggered, and make any takeover effort very expensive.
