The major news regarding the purchase of Juventus and crypto involves Tether, the issuer of the stablecoin USDT.
Here are the key points from the latest reports:
Tether's Offer: Tether ( @Tether USDT )has submitted a binding all cash proposal to acquire the entire 65.4% controlling stake in Juventus held by the Agnelli family's holding company, Exor.
Valuation and Investment: The offer is reported to value Juventus at approximately €1.1 billion (€2.66 per share). Tether has also pledged to invest an additional €1 billion in the support and development of the club if the transaction is completed.
Tether's Current Position: Tether is already a minority shareholder in Juventus, having acquired a stake (now reportedly over 10%) earlier this year.
Exor's Rejection: The critical update is that Exor has swiftly rejected the bid. Sources close to Exor have stated that "Juventus is not for sale," reaffirming the Agnelli family's long standing commitment to the club.
JUV Fan Token Impact: Following the initial news of the bid, the price of the $JUV Fan Token (the Juventus crypto token) reportedly went up by roughly 30%.
In summary, the crypto firm Tether made a high-profile bid to acquire control of Juventus, but the current owners, the Agnelli family (through Exor), have emphatically stated they are not selling.
#FanTokens #BNBChain $ASTER $PIPPIN #USChinadeal #FOMCWatch #Binanceholdermmt
