Twitter adopts 'poison pill' as challenger to Elon Musk emerges

FILE PHOTO: People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo

Twitter Inc adopted a ‘poison pill’ on Friday to limit Elon Musk‘s ability to raise his stake in the social media platform, as a buyout firm emerged to challenge his $43 billion bid for the company.

Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management as of the end of December, has informed Twitter that it is exploring the possibility of putting together a bid, people familiar with the matter said.

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