Turkish competition board says fines Elon Musk over Twitter takeover

Turkish competition board says fines Elon Musk over Twitter takeover
FILE PHOTO: Twitter logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration

ISTANBUL : The Turkish Competition Board said on Monday it had decided to fine billionaire Elon Musk 0.1 per cent of Twitter’s gross income in Turkey in 2022, as his takeover of the company occurred without the board’s permission.

The board said in a statement that the ruling would be open to a legal challenge.

Source: Reuters