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Benzinga
Benzinga
Technology
AJ Fabino

Will Fed Rate Hikes Make Elon Musk's Twitter Acquisition More Expensive?

Elon Musk NYSE Twitter Inc.

Monetary policy has changed since Elon Musk made his offer to purchase Twitter Inc (NYSE:TWTR) on April 14, and it's going to cost the billionaire more to complete the acquisition now than it would have if the purchase was completed in April or May.

The Economic Backdrop: The Federal Reserve has increased interest rates five times in 2022, including three times in a row at a rate of 0.75%, and indicated that further significant rises were expected.

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