Musk Speaking To Co-Investors As Twitter Board Adopts "Poison Pill" To Thwart Hostile Takeover

[Manuel Tavares]

Musk Speaking To Co-Investors As Twitter Board Adopts "Poison Pill" To Thwart Hostile Takeover

By Tyler Durden

Posted April 15, 2022

https://rayviolet.blogspot.com/2022/04/musk-speaking-to-co-investor...

In an attempt to move along his hostile takeover following Twitter's adoption of a poison pill takeover defense (see below), the NY Post reports that Elon Musk is speaking to potential co-investors who could partner with him on a bid for the social network, and cites sources according to whom a new plan that includes partners could be announced within days.

One possibility is teaming with private-equity firm Silver Lake Partners, which was planning to co-invest with him in 2018 when he was considering taking Tesla private, and whose Co-CEO Egon Durban is already a Twitter board member and led Musk’s deal team during the 2018 failed effort to take Tesla private, sources said. Silver Lake declined to comment.

Whether Musk would present Twitter with an entirely new offer — perhaps raising his current bid — or whether new partners would simply go in on a purchase with him isn’t clear. A Musk spokesperson declined to comment.

As we predicted earlier (see below), one way to circumvent Twitter's Poison Pill is for Musk "to be joined by one or more like-minded, anti-censorship investors such as Peter Thiel who either build up stakes through the poison pill 15% limit in the process making a management and board replacement by proxy vote the simple outcome." And indeed, the Post writes now that the "pill may not stop other entities or...>>>https://rayviolet.blogspot.com/2022/04/musk-speaking-to-co-investor...