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CYBERSECURITY

Turkish Competition Board says it will fine Elon Musk over Twitter takeover

Turkish Competition Board says it will fine Elon Musk over Twitter takeover

The Twitter logo outside its headquarters in San Francisco, California. (Credit: AFP/ file photo)

ISTANBUL — 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.

ISTANBUL — 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.