Elon Musk joins Twitter’s board, but it caps his ownership of the social media to 15% to avoid hostile takeover
Twitter announced today that Tesla CEO Elon Musk will be joining its board of directors after he bought over 9% of the company and became its largest shareholder.
However, Musk’s board participation comes with a stipulation that he can’t own more than 14.9% of the company in order to avoid a hostile takeover.
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