Elon Musk’s Twitter deal looked like a $44 billion disaster. Now, his investors stand to make a 200% return—thanks to a brilliant (and controversial) M&A move

Larry Ellison, Bill Ackman, and Andreessen Horowitz backed Musk’s Twitter deal. It’s set to pay off in a big way.

When Elon Musk finally closed on his deal to acquire Twitter, it seemed like the tech mogul may have bitten off more than he could chew. After all, over the course of 2022, Musk had offered to take the social media giant private; tried to back out of that proposal amid financial pressures; and ultimately been forced to move forward with the purchase anyway by the Delaware Chancery Court.