Musk started looking for potential partners to take over Twitter

Twitter TWTR $46.89 +2,29% Buy Tesla TSLA$985.88 -3,35% Buy Snap SNAP$33.66 -2,74% Buy

Billionaire Elon Musk has   begun looking for potential partners to take over Twitter against the wishes of its shareholders. it is reported by RBC with reference to the New York Post.

Among the possible candidates is the investment company Silver Lake Partners. In 2018, she already offered Musk cooperation when he considered the possibility of leaving Tesla from the exchange.

The sources noted that a new plan for a joint buyout of the company could be presented in the coming days.

Earlier it was reported that Twitter's board of directors may use a "poison pill" strategy to prevent a hostile takeover.

The "poison pill" gives existing shareholders the right to buy additional shares at a discount, diluting the acquirer's stake in the company. "Poison Pills" are widely used in hostile takeover situations.

Find out about the possibilities of our Catalog in the RBC Investments TELEGRAM channel

US -based entrepreneur, inventor, innovator and billionaire . Tesla CEO. Founder of the private space company Space X, SolarCity (solar power generator), OpenAI artificial intelligence research laboratory, Neuralink neuroimplant research laboratory, The Boring Company (construction of Hyperloop rapid transit tunnels), co-founder of payment company X .com (later PAYPAL).