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Tether plans to acquire Juventus Football Club and is prepared to invest $1 billion to reshape the club
【Tether Plans to Acquire Juventus Football Club and Prepare to Invest $1 Billion to Reshape the Club】 Stablecoin issuer Tether announced plans for a full acquisition of Italian football club Juventus FC. The company has submitted a binding all-cash offer to its major shareholder Exor to acquire its 65.4% stake and is prepared to initiate a public tender offer for the remaining shares after the transaction is completed, aiming to increase its ownership to 100%.
Tether stated that if the deal is successful, it will inject $1 billion into the club. CEO Paolo Ardoino emphasized that, as a lifelong Juventus fan, he hopes to leverage Tether’s strong financial strength to provide long-term stable capital support for the team.
Following the announcement, Juventus fan token JUV surged by 30% in the short term.