Turkish competition board says fines Elon Musk over Twitter takeover
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FILE PHOTO: Twitter logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration
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.
(Reporting by Daren Butler, Editing by Humeyra Pamuk)
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