I will rewrite the problem for clarity:
$$ \arg \min_{x \in \mathbb{R}^{n}} \frac{1}{2} {\left\| \left( \sum_{i} {A}_{i} x {b}_{i}^{T} \right) - C \right\|}_{F}^{2} $$
Where $ A \in \mathbb{R}^{m \times n} $, $ b \in \mathbb{R}^{k} $ and $ C \in \mathbb{R}^{m \times k} $.
One could derive the derivative and look for a closed form solution.
Yet I an easier solution would be using the following property of the Kronecker Product:
$$ \operatorname{Vec} \left( {A}_{i} x {b}_{i}^{T} \right) = \left( {b}_{i} \otimes {A}_{i} \right) x $$
Where $ \otimes $ is the Kronecker Product and $ \operatorname{Vec} \left( \cdot \right) $ is the Vectorization Operator.
So the above becomes:
$$\begin{aligned}
\arg \min_{x \in \mathbb{R}^{n}} \frac{1}{2} {\left\| \left( \sum_{i} {A}_{i} x {b}_{i}^{T} \right) - C \right\|}_{F}^{2} & = \arg \min_{x \in \mathbb{R}^{n}} \frac{1}{2} {\left\| \left( \sum_{i} \left( {b}_{i} \otimes {A}_{i} \right) x \right) - \operatorname{Vec} \left( C \right) \right\|}_{2}^{2} \\
& = \arg \min_{x \in \mathbb{R}^{n}} \frac{1}{2} {\left\| \left( \sum_{i} \left( {b}_{i} \otimes {A}_{i} \right) \right) x - \operatorname{Vec} \left( C \right) \right\|}_{2}^{2} \\
& = \arg \min_{x \in \mathbb{R}^{n}} \frac{1}{2} {\left\| D x - \operatorname{Vec} \left( C \right) \right\|}_{2}^{2}
\end{aligned}$$
So given your problem, all you need to do is pre calculate the matrix $ D = \sum_{i} \left( {b}_{i} \otimes {A}_{i} \right) $ and solve a regular Linear Least Squares problem.