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Twitter adopts poison pill plan to block Elon Musk from increasing stake

 wsj 4 min read 17 Apr 2022, 06:01 PM IST Cara Lombardo , The Wall Street Journal

The social-media company takes the step a day after the tech entrepreneur made a $43 billion unsolicited takeover bid

Tesla Motors CEO Elon Musk already owns a more-than 9% stake in Twitter that he revealed earlier this month (Photo: Reuters)Premium
Tesla Motors CEO Elon Musk already owns a more-than 9% stake in Twitter that he revealed earlier this month (Photo: Reuters)

Twitter Inc. moved to prevent Elon Musk from significantly increasing his stake, a day after he unveiled a $43 billion unsolicited takeover bid for the social-media company.

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