Musk’s acquisition, valued at $54.20 per share, comes after he initially purchased a 9.2 percent stake in Twitter for approximately $2.9 billion. Tensions escalated when the board attempted to implement a “poison pill” strategy to thwart Musk’s takeover, a move that was not supported by co-founder Jack Dorsey. As a result of these conflicts, Musk publicly challenged the board’s authority, emphasizing that shareholders should ultimately decide the company’s fate.
