HomeNewsWorldTurkish competition board says fines Elon Musk over Twitter takeover

Turkish competition board says fines Elon Musk over Twitter takeover

The board said in a statement that the ruling would be open to a legal challenge.

March 06, 2023 / 14:07 IST
Story continues below Advertisement

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.

Story continues below Advertisement
Reuters
first published: Mar 6, 2023 02:07 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!