Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Barrack: We call upon Druze, Bedouins, and Sunnis to put down their weapons and together with other minorities build a new and united Syrian identity building peace and prosperity with their neighbors
US Special Envoy to Syria Tom Barrack: Israeli Prime Minister Benjamin Netanyahu and Syrian President Ahmad al-Sharaa supported by the US have agreed to a ceasefire embraced by Türkiye, Jordan, and their neighbors
YAF spokesperson Brigadier General Yahya Saree: We carried out a top-tier operation targeting Ben Gurion Airport in Lydd with a Palestine 2 hypersonic ballistic missile
Israeli media: Israelis in the Gush Dan area and al-Quds were asked to enter shelters immediately
Sirens sound in Tel Aviv and occupied al-Quds after a missile was launched from Yemen
Sheikh Qassem: We are ready to defend ourselves if 'Israel' attacks us in a way that we believe calls for us to defend ourselves
Sheikh Qassem: "Israel" will never be handed over our weapons
Sheikh Qassem: He who refuses so and accepts humiliation, that is their own business, but for us, we will not accept humiliation. We have made great sacrifices, and our strength has helped us achieve this result
Sheikh Qassem: Be patient with the issue of exclusivity of arms with the state in the face of the great danger that will not spare Lebanon; let us speak with one voice and work for the sake of priority
Sheikh Qassem: Lebanon faces three real dangers: 'Israel', ISIS tools on the eastern border, and US tyranny

Twitter adopts 'poison pill' plan to prevent Musk hostile takeover

  • By Al Mayadeen Net
  • Source: Agencies
  • 15 Apr 2022 22:31
3 Min Read

In a bid to curb a scheme by Elon Musk to take over the tech giant, Twitter, the company went adopted a plan to abort the possibility of such action; what does it entail?

  • x
  • Twitter's second-largest shareholder Elon Musk
    Twitter's second-largest shareholder, Elon Musk

Twitter's board of directors adopted a shareholder rights plan that would reduce the likelihood of any person, entity, or group being able to assume full control over the company without paying a premium, the tech giant announced Friday.

The move taken by Twitter follows an offer filed by billionaire Elon Musk to purchase 100% of Twitter for $54.20 per share, putting the company's value at $43 billion.

Musk is currently Twitter's second-largest shareholder, with 9.2% of the company in his pocket after he purchased his share earlier in April. He comes second only to Vanguard, which owns 10.29% of the company, an April 8 SEC filing revealed. The group's bid dethroned the billionaire as Twitter's largest shareholder.

The billionaire's bid was preceded by him hinting on Twitter that he might launch his own social media platform.

It all began with a poll on March 25 on whether or not they believed Twitter rigorously applied to free speech principles, adding that the consequences of the poll will be important and asking them to "vote carefully".

Related News

State Dept official admits criticism of 'Israel' can lead to visa loss

Three deputies killed in explosion at LA sheriff's facility

"The Board adopted the Rights Plan following an unsolicited, non-binding proposal to acquire Twitter," the company said in a press release.

The Rights Plan, Twitter explained, would "reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders." 

Musk had held a TED Talk saying he had an alternative plan to take over the company if the tech giant refused his offer, though he also cast doubt on the possibility of him being able to perform such a stunt.

"Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy," he said. "What should be done?" 

Musk also proceeded to proclaim himself a "free speech absolutist."

According to Twitter, its Right Plan will expire on April 14, 2023. It also said more details would be provided in an 8K to be filed with the SEC.

  • United States
  • TED talks
  • Elon Musk
  • Twitter
  • Big Tech

Most Read

Algerian nurse stabbed in Germany

Murder of Algerian nurse in Germany sparks outcry, demands for justice

  • Europe
  • 14 Jul 2025
Credible reports, including some from Israeli media itself, indicate that Tel Aviv had pinned its hopes on what can only be described as a delusional plan. (Al Mayadeen English; Illustrated by Batoul Chamas)

Jebraily: Iran strikes rewrote regional deterrence rules - Exclusive

  • MENA
  • 15 Jul 2025
Al-Qassam Brigades fighters confront Israeli soldiers in Beit Lahia, northern Gaza, undated (Al-Qassam Brigades Military Media)

3 Israeli soldiers killed amid Gaza battles: Israeli media

  • Palestine
  • 14 Jul 2025
Al Mayadeen: UN Palestine Inquiry members reportedly resigned

Exclusive: UN Palestine Inquiry members reportedly resigned

  • Politics
  • 15 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The US Capitol, Wednesday, July 16, 2025, in Washington (AP)
Politics

Congress set to weaken oversight on foreign US arms sales

Only quarter of Americans say Trump policies helped them: Poll
US & Canada

Only quarter of Americans say Trump policies helped them: Poll

UK charities fund Israeli settlement expansion in occupied West Bank
Palestine

UK charities fund Israeli settlement expansion in occupied West Bank

Calls grow to remove Netanyahu from High School hall of fame
Politics

Calls grow to remove Netanyahu from high school Hall of Fame

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS