According to Coindesk’s December 13 report, Tether, the world’s largest stablecoin issuer, has submitted a binding all-cash acquisition offer to lift its stake in Juventus FC to 100%. The bid targets Exor’s 65.4% holding, with a plan to launch a public tender for the remaining shares at the same price if the deal closes. Juventus FC SpA, the publicly traded parent, trades with a market cap of about $925 million.
If completed, Tether would reportedly commit up to $1 billion to the club, reflecting a long-term, value-focused strategy and stable capital support, per the company’s press release. Paolo Ardoino, a lifelong Juventus fan, framed the move as a strategic alignment with the club’s development. The announcement prompted a sharp move in the market: the JUV fan token rose roughly 30%, highlighting investor interest while signaling that the deal remains subject to due diligence and regulatory review.
Source: https://en.coinotag.com/breakingnews/tether-plans-to-take-full-control-of-juventus-fc-with-all-cash-bid-for-65-4-stake
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