Turkish competition board fines Elon Musk over Twitter takeover

Musk waas fined 0.1 percent of Twitter’s gross income in Turkey in 2022. (AFP/File)

• Ruling would be open to a legal challenge

ISTANBUL: The Turkish Competition Board said on Monday it had decided to fine billionaire Elon Musk 0.1 percent 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.