Fidelity marked down its stake in Twitter by another 7.9%, the mutual fund giant reported in a monthly update, bringing its total writedown on its stake since its acquisition to 63.5%. Fidelity was one of a number of investors which backed Elon Musk’s $44 billion buyout last October. Its writedowns reflect how the value of the equity that Musk and his backers got has shrunk since the deal,...
Fidelity Marks Down Twitter Stake Another 7.9%
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