Tether proposes all-cash deal to acquire controlling stake in Juventus FC
Crypto Briefing
Tether has offered to buy a majority stake in Juventus FC for an all-cash deal, with plans to invest €1 billion in the club.Summary
Tether, the stablecoin issuer, has submitted a binding offer to acquire a 65.4% controlling stake in Juventus Football Club from Exor in an all-cash transaction. Following the acquisition, Tether intends to invest €1 billion into the club to bolster its performance, infrastructure, and long-term growth. The company stated this move reflects its commitment to building globally relevant institutions and expanding its presence in Italy, emphasizing its strong financial position and long-term dedication to Juventus, its fans, and its history.
(Source：Crypto Briefing)