![Turkish competition board says fines Elon Musk over Twitter takeover](https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ2506I_L.jpg)
© Reuters. 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.