Ron DeSantis threatens Twitter’s board of directors over Elon Musk’s offer

Florida Governor Ron DeSantis threatens to sue Twitter’s board of directors for attempting to sink President Elon Musk An attempt to buy the social media giant.

Speaking at an unrelated press conference on Tuesday, DeSantis said the company flopped in its fiduciary duty by trying to scuttle the sale. The company’s shares are at a premium.

He said the effort could “hurt” Florida pension funds because they own shares on Twitter.

“They refused it because they know they can’t control Elon Musk,” DeSantis said. “It wasn’t, in my opinion, a good business deal.”

While he did not go into details, DeSantis pledged to direct state officials to explore ways to scrutinize the council’s decision-making.

“We will look for ways in which the State of Florida can hold the Twitter Board of Directors responsible for breaching their fiduciary duty,” the governor said.

Upset by Musk’s waster show, Twitter’s board of directors has taken measures to weaken its influence.

The “Toxic pills” will reduce the ability of musk To acquire a larger stake in the company by making discounted shares available for purchase if the ownership percentage exceeds 15% – a move that would sharply weaken his position.

“What Musk is trying to do is to some extent liberate him from being a censor to making it a truly open platform,” DeSantis said.

But 68% of Twitter employees said they disagreed with Musk’s stated suggestions for the company and objected to an offer to buy it.