The self-made billionaire’s bid to buy the social media giant in an attempt to create a true free-speech platform was complicated when Twitter’s board, which has been known to take the opposite stance on many free-speech issues, adopted a “poison pill” policy, diluting his share of the company and, therefore, his leverage.
On Monday, a yet-to-be-confirmed report indicated that Musk was looking to circumvent this effort by teaming up with additional investors. Another report on Tuesday revealed that, according to the New York Post’s sources, Musk and his potential co-investors will be planning to launch a tender offer for Twitter in 10 days or so.