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flag Banks prepare to sell $3B in discounted loans for Elon Musk's struggling Twitter acquisition.

flag Banks that financed Elon Musk's $44 billion Twitter acquisition are preparing to sell $3 billion in loans at a 5% to 10% discount due to the company's declining value and financial struggles. flag Fidelity recently valued X at $12.3 billion, a 72% drop from Musk's purchase price. flag Despite Musk's claims of the platform's impact on the 2024 election, the company is facing stagnant user growth, unimpressive revenue, and is barely breaking even.

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