Tether Submits Bid to Acquire Majority Stake in Juventus FC
Tether has submitted a binding all-cash bid to acquire Exor's 65.4% stake in Juventus FC, the Italian Serie A soccer club. Tether, which previously held a minority stake in Juventus since February, plans to launch a public tender offer for the remaining shares at the same price if Exor accepts the deal. Exor is the holding company of the Agnelli family, founders of Fiat.
Tether intends to invest €1 billion to support Juventus' development. Tether's CEO Paolo Ardoino stated that the transaction reflects a personal connection to the club and a commitment to providing stable, long-term support.
In addition to its involvement with Juventus, Tether has recently participated in an $81 million funding round for an Italian humanoid robotics firm and acquired 1 million shares of video platform Rumble, following a previous $775 million investment in Rumble. Bloomberg reports that Tether is exploring tokenizing its stock and aims to raise about $20 billion at a $500 billion valuation. A representative for Tether did not respond to requests for comment.
