--- title: "Investors in Elon Musk’s Twitter Deal Horrified It Might Actually Go Through" description: "Fast forward a couple of months and hell of a lot of drama later, and at least one of the investors in Elon Musk's bid to buy Twitter has cold feet." date: "2022-10-14" modified: "2022-10-14" authors: - name: "Maggie Harrison Dupré" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/mharrison" url: "https://futurism.com/investors-elon-musks-twitter-deal-horrified" categories: - "Elon Musk" - "Future Society" - "The Industrialists" tags: - "elon musk" - "Musk" - "twitter" --- # Investors in Elon Musk’s Twitter Deal Horrified It Might Actually Go Through ![Fast forward a couple of months and hell of a lot of drama later, and at least one of the investors in Elon Musk's bid to buy Twitter has cold feet.]() *Elon Musk gestures as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022. - Billionaire entrepreneur Elon Musk delivered an eagerly-awaited update on SpaceX's Starship, a prototype rocket the company is developing for crewed interplanetary exploration. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) \Image: Getty Images\* When Elon Musk attempted to [impulse-buy Twitter back in April](), he didn't have the money to do it himself; the only way he could — or still would be able to — put up the cash for the deal is with the backing promised by a group of equity firms and wealthy individuals. Unfortunately for the [Technoking](), [*Insider* reports](), it sounds like some of those investors may be getting some serious cold feet now that Musk has resuscitated the deal after [desperately fighting to get out of it](). "We're all trying to get out of it, to be honest," Andrea Walne, a general partner at Manhattan Venture Partners (MVP) and apparently regretful Twitter buyer, told *Insider.* "We talked to the other investors, everyone's trying to get out of it," she continued, claiming that it's unclear whether investors will be held to their financial agreements or not, adding that "no one thinks the company should be valued at $44 billion." First thing's first: this is an absolutely wild remark to say out loud to the press. Musk and Twitter are still [very much in court](), battling out the maybe-failed deal amid a sea of [bot claims]() and [stupid texts](); to be this candid either seems calculated, or Walne simply moves through the world with a next-level IDGAF attitude. Walne's firm says it handles over $1 billion in assets, which is a minuscule fraction of the $44 billion deal. And to that point, Walne told *Insider* that she actually thinks Twitter, in this economy, should be valued at something closer to $10 to $12 billion — a much easier bill to foot. But no matter how much Twitter (maybe) sells for in the end, it's not exactly in Musks's best interest to let his backers out of the deal. "Given how unfavorable the deal now is for the buy-side, I'm sure Musk's buddies are all begging him to let them out," Robert Miller, an attorney who specializes in mergers and acquisitions, told *Insider*. "The less they put in, however, the more Musk himself must put in." Everyone's in a bad spot, it seems. But you know what they say: don't hop on a $44 billion bandwagon that may have been launched by a midlife crisis. And unfortunately for Walne, she says she's having a tough time getting in touch with the banking folks on Wall Street who might have some answers. "They're being very very hush hush about everything," she told *Insider*. Which, well, makes sense, because again: court. **READ MORE:** *[One of the investors that agreed to back Elon Musk's Twitter bid says they want out of the deal]()* \[*Insider*\] **More on the Twitter deal:** *[Here's The Wildest Elon Musk Texts That Were Just Released in Court]()* ## Author At Futurism, I've reported extensively on the rise of AI as a cultural and business force shaping the media industry, and more broadly how those dynamics are changing how we all consume and share information and relate to one another. I'm also fascinated by public health policy and ethics, the role of emerging tech in politics and governance — and the powerful people and forces at those intersections — climate change, and the environment. My investigation on Sports Illustrated's use of AI-generated authors with fictional biographies won a 2024 Mirror Award for "Best Story on Media Coverage of Artificial Intelligence in Journalism and the Media" from Syracuse University's SI Newhouse School, I contributed to Niemen Lab's 2025 Predictions for Journalism series, and I've discussed my work for Futurism during appearances on NPR, CNN, the BBC, the CBC, and more. I grew up in rural Pennsylvania and attended the University of Massachusetts Amherst, where I played Division I field hockey for the Minutewomen as a midfielder. Since then, I've lived in New Orleans, Louisiana and Manhattan, New York. I spend my free time running, reading, perusing archival fashion, and searching for the world’s best negroni. I also have a debonair tuxedo cat, Westley, who's named after "The Princess Bride." ### Author social links [Bluesky]()