Turkish competition board says fines Elon Musk over Twitter takeover

Illustration shows Twitter logo and Elon Musk silluete
Twitter logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/Illustration

ISTANBUL, March 6 (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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