![]() ![]() Twitter's board of directors is reportedly considering a 'poison pill' plan to block Musk's takeover. ![]() After the meeting, CEO Parag Agrawal told staff the board would follow a 'rigorous process' and make a decision 'in the best interest of our shareholders'.On Thursday afternoon Twitter's board of directors met, with the company having said it will 'carefully review the proposal'.He called it his 'best and final offer' and insisted 'I am not playing the back-and-forth game'.Musk on Wednesday night sent a letter to Twitter offering to take the company private for $43 billion.He said that he was 'not sure I will actually be able to acquire it,' even though he 'could technically afford it' - but insisted it was 'not a way to make money'.Musk told the Vancouver audience that he was not motivated by profit, saying he wanted to make Twitter's algorithm public and own the company to protect free speech and democracy.'As for media sort of ownership, you've got Mark Zuckerberg owning Facebook and Instagram and WhatsApp, and with a share ownership structure that will have Mark Zuckerberg the 14th still controlling those entities'.Musk was asked on stage at a TED conference in Vancouver for his response to concern about the world's richest man owning such a powerful communication platform, and replied that Zuckerberg was worse.Elon Musk, 50, on Thursday defended his plan to take control of Twitter, insisting that it was in defense of democracy and in protection of free speech, rather than a way of making money.Elon Musk mocks Mark Zuckerberg the 'Sun King' for his total power over Facebook, WhatsApp and Instagram and says if his $43b takeover over Twitter is approved he would open up the app to the public to ensure free speech ![]()
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