Twitter Board reveals plan to defeat Elon Musk, prepares for poison pill

16-04-2022 Sat 19:45

Twitter has formally replied to entrepreneur Elon Musk's offer to buy out the firm entirely. Twitter's board of directors has announced a new 'shareholder rights plan' to counter Musk's bid, the company's latest action. This is a big setback for the billionaire's ambitions to gain complete control of Twitter.

This is referred to as a poison pill in the financial world. In layman's terms, the poison pill prevents hostile takeovers by granting some shareholders the ability to acquire additional stock if someone tries to gain control. The Rights Plan does not exclude the Board from negotiating with parties or approving an acquisition deal if the Board feels it is in Twitter's and its shareholders' best interests.

Musk submitted a bid to purchase a 100% share in Twitter for $43 billion on Thursday.

9 PM Telugu News- 15th August 2022

9 PM Telugu News Headlines Dated 15th August 2022:-* PM Modi urged for India to become a developed country by 2047 during his Independence Day speech.* PM Modi addressed panchpran, nepotism, and..

Viral video: On I- Day, a beautiful wish from Pakistan artist; plays 'Jana Gana Mana' on Rabab

It is commonly known that Pakistanis commemorate Independence Day on August 14 whereas Indians celebrate it on August 15.A gift has been handed to his followers across the border by Pakistani singer Siyal..

Telangana: CM KCR once again skips the governor's "At home" gathering

K Chandra Sekhar Rao, better known as KCR, the chief minister of Telangana, skipped the Governor Tamilisai Soundararajan's "At Home" function at Raj Bhavan on Monday after missing it the previous two years. It..

Myanmar Court sentences Aung San Suu Kyi to 6 yr prison in corruption cases

Aung San Suu Kyi, the country's deposed leader, was found guilty on additional corruption charges by a court in military-run Myanmar on Monday, adding six years to her already 11-year prison sentence.Her attorneys..

Hyderabad: Man dies of heart attack while giving Independence Day speech

At Kapra in Hyderabad city, a horrible occurrence happened during the Independence Diamond Jubilee celebrations. After the flag salute event, a man suddenly passed away while speaking to the crowd to commemorate India's independence..

Watch: CM Jagan and YS Bharati visuals at 'At Home' event at AP Raj Bhavan in Vijayawada

At Raj Bhavan in Vijayawada on Monday, Governor Biswa Bhusan Harichandan and his wife Suprava Harichandan were visited by Chief Minister Y.S. Jagan Mohan Reddy and his wife YS Bharati. It was a "At..

Hatya official Telugu trailer (HDR)- Vijay Antony, Ritika Singh

Hatya is a new film from Vijay Antony, who is well recognised for his entertaining films that provoke thought. The Telugu movie's official trailer has been made available by the filmmakers. The movie, a..

Viral video: A group of shoppers pushing their way out of Ikea store in China. Know why?

In a social media video that has gone viral, many customers are seen shoving their way out of an Ikea store in Shanghai, China. An IKEA store in Shanghai was briefly blocked off by..

Jabardasth latest promo - 18th August 2022 - Sangeetha, Indraja, Rashmi Gautam

The most recent Jabardasth promo, which was just released by Mallemala Entertainments, is jam-packed with entertaining skits. Chalaki Chanti entered the stage along with a female performer's skit, and he immediately captured everyone's attention..

Hyderabad-origin astronaut Raja Chari shared photo and wished Indians from space station

Raja Chari, an Indian-American astronaut with Hyderabad roots, posted a picture of the Indian flag aboard the International Space Station (ISS) to welcome the nation. The Indian American astronaut expressed his excitement about working..

Macherla Niyojakavargam Mass Blockbuster promo - 4- Nithiin, Krithi Shetty, Vennela Kishore

The general population loves Macherla Niyojaka Vargam, which debuted on August 12, 2022. The MS. Rajasekhar Reddy-directed film is giving moviegoers worldwide a comprehensive mass delight in theatres. According to traders, Macherla Niyojakavargam made..

Angry villagers attacked CPM Tammineni Koteswara Rao house after the murder of Tammineni Krishnaiah

Tension was heightened at Teldarupalli in the rural mandal of Khammam by the murder of TRS member Tammineni Krishnaiah and the attack on the home of CPI-M leader Tammineni Koteswara Rao.Angry villagers who..

TRS member Tammineni Krishnaiah murdered brutally in Khammam district

On Sunday, a TRS leader named Tammineni Krishnaiah was brutally killed in the Teldarupalli village of the Khammam Rural mandal in the district. He reportedly joined TRS after having disagreements with CPM.Krishnaiah is..

Pippa official teaser: Ishaan Khatter, Priyanshu Painyuli, Mrunal Thakur and Soni Razdan

On August 15th, the teaser for Raja Krishna Menon's Pippa was released. Release day for the movie is December 2, 2022. The Pippa teaser was released by the movie's producers on the occasion of..

Mystery mass fish die-off in Germany's Oder river- A special story

On the banks of the River Oder, tonnes of dead fish have been seen drifting or washing ashore. After a large fish die-off in the Oder River, laboratory examinations found high salinity levels but..

..more

Telugu News