Tether Makes Formal Bid for Majority Stake in Juventus Valued at Over $2.15 Billion

USDT issuer Tether has submitted a proposal to buy Exor's 65.4% stake in Juventus and plans a follow-up public offer for remaining shares at the same price, fully financed with its own funds. If the deal goes through, Tether intends to invest 1 billion Euros into the Italian Serie A club, which Forbes valued at just over $2.15 billion in May 2024.