TechFlow news — According to sources familiar with the matter, after billionaire Musk proposed taking Twitter private, Twitter's board is considering measures to help defend the company against a hostile takeover. The individuals, who spoke on condition of anonymity due to the sensitivity of the situation, said one option under consideration is a "poison pill" — formally known as a shareholder rights plan. Twitter could announce this as early as tomorrow. A poison pill allows existing shareholders to purchase additional shares at a discount, effectively diluting the ownership stake of a potential "acquirer." Such strategies are commonly used when a company faces pressure from activist investors or a hostile acquisition attempt.
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