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Elon Musk’s Twitter investors have cold feet, too.
Around $7 billion of the money Musk is buying Twitter with comes from VC funds and other (wealthy) entities that committed earlier this year. But now that the deal is back on?
“We’re all trying to get out of it, to be honest,” said Andrea Walne, a general partner at Manhattan Venture Partners.
MVP committed to invest in the deal earlier this year, but a question remains as to whether the firm and others will actually be on the hook for the full amount they committed to, according to Walne. “We talked to the other investors, everyone’s trying to get out of it, no one thinks the company should be valued at $44 billion,” she said.
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