Tether plans to acquire Italian football club Juventus, investing $1 billion

December 13 — USDT issuer Tether announced plans to acquire Italian football club Juventus, increasing its stake from a minority position to 100%.🔥🔥🔥

Tether has sent its main shareholder, Exor, a proposal to purchase 65.4% of Juventus shares for cash. If the offer succeeds, Tether will launch a public tender offer for the remaining shares. Juventus' market capitalization is approximately $925 million.⭐️⭐️⭐️

Tether stated that it plans to invest $1 billion to support the club's development following the acquisition. After the deal announcement, the price of its fan token $JUV rose by 30%.🌈🌈🌈

JUV

0.818

+3.41%