> when the Twitter board was discussing “poison pills” to stop his purchase of the company. Now, the same board is begging him to complete the purchase. These

> when the Twitter board was discussing “poison pills” to stop his purchase of the company. Now, the same board is begging him to complete the purchase. These are two separate incidents although commonly conflated. Poison pill is used to block a hostile takeover where the board has been taken by surprise, by diluting stake - which happened because Musk didnt disclose to SEC for long time he owned 14.4% of the Twitter. After the things were in the light of the day, he didn't take up the position on Twitter board & instead offered to purchase controlling stake in Twitter (something which was not possible as a board member). The negotiations hence followed for purchase Then, he has famously backed out of the Twitter deal in bad faith & disparaged it publicly. Twitter is also beholden to its investors. They have every right not to tank their market cap because a rich guy got whimsical