It's actually a terrible deal for either side that wins it.
Twitter can easily fend off this attempt as Elon purchasing. It is not in the best interest of all the shareholders. Can easily place a poison pill to maintain the vision of the company however they want. And no matter what somebody's going to sue the Twitter leadership.
Elon for his part doesn't actually want to purchase this and it's the typical sleight of hand like accepting Bitcoin during bad news from China and then suddenly realizing that Bitcoin isn't very environmentally friendly so we're not taking it anymore. But don't worry guys, we're going to take it again in the future. It's all wolf tickets.
If Elon wins the deal, which he has no intent to do so as and has already started making all the overtures in preparation for selling off his stock, then he does not have the cash to purchase the company. He would have to sell all 50 billion dollars worth of Tesla stock or go to debt financing from a bank which seems like a bad purchase or go get more Saudi money in partnership. None of those options are very good. And when the deal does fall through and then Elon uses his as excuse to sell off his stock (as he said he would and that he is already planning to sell off) he will either use it as a bludgeon for the rest of his days to troll the leadership or quit Twitter in a very public display to create a competing entity at a fraction of the 50 billion dollar offer.
The hostile takeover is a personal brand creation. It's not a real purchase attempt and already has outs for Elon. But it does put the Twitter leadership in a very difficult position in fending it off.