Turkey’s Competition Board on Monday said it has fined billionaire Elon Musk over the Twitter takeover last year. The Turkish Competition Board claims the Twitter takeover happened without the board’s permission. The competition board demands Musk to pay 0.1% of Twitter’s gross income that the company made from Turkey in 2022.
The board also said the ruling will be open to legal challenge, giving Elon Musk another issue amid the fall in Twitter revenues.
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Source: https://coingape.com/elon-musk-fined-over-twitter-acquisition-turkey-competition-board/