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Twitter board reacts to Ilan Musk's offer to buy the company

BingMag.com <b>Twitter</b> <b>board</b> <b>reacts</b> to <b>Ilan</b> <b>Musk's</b> <b>offer</b> to <b>buy</b> the company

Twitter's board of directors, in response to Ilan Musk's offer to buy the entire company, has decided to enact new rules for shareholders' rights to mask the work. It will be much harder to buy this company.

In the last few days, the news of the purchase of Twitter by Ilan Mask has become the headline of the news, and many users are eagerly looking to see what the richest man in the world has finally decided. What will be the reaction of one of the most popular social networks in the world to it?

In the latest news related to this story, Ilan Musk has suggested that he wants to buy the entire shares of Twitter. But the company's board has said that this request is not something that will persuade them to accept, especially since they did not want such a thing from the beginning.

What Twitter's board has done in the world of economics Anti-misappropriation is known as activities carried out by a board of directors of an organization or company, during which the shareholders of that company are given the right to buy more shares than the authorized limit so that an outsider can not buy them or take full control. Take over the organization. The law has been registered with the US Securities and Exchange Commission and is valid for one year.

This program clearly shows that the board of Twitter has no interest in taking control of the company at all. And finally, he must be one of the ordinary shareholders of the company. Earlier, Twitter CEO Parag Agrawal had told staff he was considering a mask. He does not seem to mind the sale of Twitter, but the major shareholders of the arithmetic company are complaining about this. He was not satisfied and sent a request to join the board to the company. The request was rejected, but Mask returned with a bigger offer. He decided not only to be part of the board but to take it completely. He believes that by doing so, he will contribute to the development of Twitter and make the principle of freedom of expression even more important. Musk says Twitter does not care about free speech as much as it should, but wants to change everything with its presence. He even said that if the board did not accept his request to buy Twitter, he would have to make other decisions as one of the company's shareholders.

Currently, Twitter is valued at $ 54.20. It is worth about $ 41.39 billion per share, and Mask wants to take full control of the company by paying that amount. Now we have to see what happens and when this adventurous story of Twitter and Ilan Mask will end.


Source: The Verge

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