A way to circumvent Twitter's poison pill response to Musk's tender offer
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The New York Post reported on Friday that Musk was speaking with other investors who may align with his vision for the company in an effort to get more financial backing so that he can take over the company.
Dallas Mavericks owner Mark Cuban suggested this week that Musk should team up with right-wing billionaire Peter Thiel to buy the company.
“Want to see the whole world lose their s***?” Cuban tweeted. “Get Peter Thiel to partner with Elon and raise the bid for Twitter.”
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Cuban is on to something. The Poison Pill kicks in when someone owns more than about 15% of the company's stock. If Musk found three others to join him in the effort the pill would be defeated.
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