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Twitter Inc on Friday adopted a limited-duration shareholder rights plan to protect itself from billionaire entrepreneur Elon Musk‘s $43 billion cash takeover offer.
The billionaire entrepreneur, who also heads rocket company SpaceX, targeted Twitter Inc on Thursday with a $43 billion takeover offer.
The idea of Musk working to close that deal, possibly by selling even more of his Tesla stake, and then overseeing yet another company has Tesla observers worried.
While Musk has talked about potential changes he would like to see Twitter make, Tesla faces its own challenges – the need to boost production at new assembly plants in Berlin and Texas, analysts said. Meanwhile, Tesla’s Shanghai factory – its largest – has been idled by the Covid-19 crackdown in China.
The billionaire entrepreneur, who also heads rocket company SpaceX, targeted Twitter Inc on Thursday with a $43 billion takeover offer.
The idea of Musk working to close that deal, possibly by selling even more of his Tesla stake, and then overseeing yet another company has Tesla observers worried.
While Musk has talked about potential changes he would like to see Twitter make, Tesla faces its own challenges – the need to boost production at new assembly plants in Berlin and Texas, analysts said. Meanwhile, Tesla’s Shanghai factory – its largest – has been idled by the Covid-19 crackdown in China.
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