TWITTER IS OUT TO BE CLOSED... Read more
A HISTORY-MAKING HOSTILE TECH TAKEOVER A HOSTILE ENVIRONMENT Twitter’s CEO, founder and chair all swore up and down that they wanted Elon Musk to be their boardroom buddy. But despite these glad-handing professions of bonhomie, things turned hostile last week, and that’s never something that California’s feel-good tech industry likes to see. Hostile takeovers are rare in tech. AT&T bought NCR with a hostile tender offer but ended up spinning it off. IBM’s hostile bid for Lotus turned friendly. Oracle bought PeopleSoft in a deal that, 18 years on, still reverberates in the Valley. NOW OPEN NEW SCHOLERSHIP IN JAPAN FOR 2022-2023 With so few precedents, even if Musk’s offer to buy Twitter were a conventional takeover, we’d be a little perplexed. But Musk being Musk , we’re completely unmoored here. A corporation seeking to take over another company generally wants to add its operational and technological distinctiveness to its own. Corporate raiders ...