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Comment by qiskit

This is simply wrong. The board outright rejected musk's offer and instituted a poison pill to prevent a hostile takeover of twitter by musk. So elon simply bypassed the board of directors and went to the major shareholders. It is the major shareholders who has final say, not the board of directors. Elon convinced enough of the major shareholders to accept his deal and once that happened, the board of directors has no real say. They have to do what the major shareholders say since the major shareholders are the ones who hire and fire the board of directors.

> I.e. the board was saying “you can only buy Twitter if we say so”

The board say "you can't buy twitter". So elon just talked to the board's bosses ( major shareholders ) and the board's bosses said "elon can buy twitter".

parent qiskit 4 years ago

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