Turkish competition board says fines Elon Musk over Twitter takeover

Turkish competition board says fines Elon Musk over Twitter takeover

Technology

Turkish competition board says fines Elon Musk over Twitter takeover

ISTANBUL (Reuters) - The Turkish Competition Board said on Monday it had decided to fine billionaire Elon Musk 0.1% 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.