USDT Issuer Seeks Full Takeover, Invest $1B in Football Club
Tether, the crypto firm behind the world’s largest stablecoin, 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 admiration and…
