Reneging internship offer for MM for top BB

Hey. From what I have seen in this site, reneging is viewed as a poor choice that could eventually lead to some pretty serious consequences. Unfortunately though I am going through something pretty similar. I dont want to give too much detail, but a couple of weeks ago I accepted a MM IB offer. Very recently though I was given a call to join a top BB for their intern season. I want to renege but I am scared it might mean losing both offers. 

What would you do?

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