Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
Tether, the crypto firm behind the world’s largest stablecoin, USDT (USDT), is aiming to acquire popular Italian football club Juventus FC, boosting its minority stake to 100%.
The firm said Friday that it has submitted a binding proposal for majority shareholder Exor’s 65.4% stake in the club in an all-cash offer, according to a Friday blog post. If that deal goes through, Tether intends to make a public tender offer for the club’s remaining shares at the same price. Juventus FC SpA is a publicly-traded company, with a market capitalization of $925 million at Friday’s closing price.
Tether said it’s “prepared” to invest $1 billion in the club if the transaction is completed.
“Our interest in Juventus comes from deep…
