World, Economy

Türkiye's competition authority fines Elon Musk over Twitter takeover without permission

Musk fined 0.1% of Twitter's gross income in Türkiye in 2022 as no permission taken from Turkish Competition Board in takeover

Tuba Sahin | 06.03.2023 - Update : 06.03.2023

ANKARA

The Turkish Competition Board on Monday fined Twitter CEO Elon Musk for not taking permission from the authority during Musk's takeover of the social media platform.

Musk is fined 0.1% of Twitter's gross income in Türkiye in 2022.

The board added that Musk’s takeover did not effectively violate competition, but the probe still ended with a fine due to the lack of board permission.

Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

Bu haberi paylaşın

World

Türkiye's competition authority fines Elon Musk over Twitter takeover without permission

Musk fined 0.1% of Twitter's gross income in Türkiye in 2022 as no permission taken from Turkish Competition Board in takeover

Related topics

Bu haberi paylaşın

Trump says he hopes India, Pakistan can halt fighting 'now'

US ‘can’t stand’ for Israel's 'ethnic cleansing' in Gaza: Senator

UN appoints Miguel Angel Moratinos special envoy to combat Islamophobia

Azerbaijan condemns Indian strikes on Pakistan

Turkish rights group condemns arrest of student in US, cites violations of academic freedom

Related news

Türkiye ready to do 'its utmost' to ease tension between India and Pakistan: President Erdogan

Number of foreign university students in Türkiye to reach 500,000 by 2028

Ankara criticizes ‘biased allegations’ in European Parliament's latest Türkiye report

Türkiye’s ‘strategic product’ cannabis’ production, cultivation area on rise

Turkish President Erdogan to receive Iraqi premier in capital Ankara

Turkish foreign minister discusses India, Pakistan tensions with Saudi counterpart