TechFlow news, December 13 — Tether, the stablecoin issuer, announced plans to fully acquire Italian football club Juventus FC. The company has submitted a binding all-cash offer to Exor, the controlling shareholder, to purchase its 65.4% stake, and intends to launch a public tender for the remaining shares upon completion of the transaction, aiming to increase its ownership to 100%. Tether stated that if the deal succeeds, it will inject $1 billion into the club. CEO Paolo Ardoino emphasized that, as a lifelong fan of Juventus, he hopes to provide long-term and stable financial support to the team through Tether's strong financial capabilities. Following the announcement, the club's fan token JUV briefly surged by 30%.
Add to Favorites
Share to Social Media
