Musk made an unsolicited, and what seems to be a non-investment choice, purchase... | Hacker News

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		bmitc on April 15, 2022 \| parent \| context \| favorite \| on: Twitter board adopts poison pill after Musk’s $43B... Musk made an unsolicited, and what seems to be a non-investment choice, purchase of almost 10% of the shares and wanted to join the board. As far as I can tell, the board made his board seat contingent on Musk not buying more than 14.9% and Musk said no, and a few days later offered to buy the company outright. Now Twitter is taking moves to prevent a hostile takeover. That sounds like a hostile takeover to me.

jacquesm on April 15, 2022 [–]

I'm not acting at all, I'm just nailing down what a hostile takeover bid is because there seems to be some lack of clarity about that.

bmitc on April 16, 2022 | [–]

I misread the context of your comment.

jacquesm on April 16, 2022 | | [–]

np, it happens.

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