Tether launches all-cash bid for Exor's 65.4% stake in Juventus with €1B investment plan

Stablecoin issuer Tether has submitted a binding all-cash proposal to acquire Exor's 65.4% shareholding in Juventus Football Club, with plans for a subsequent tender offer to remaining investors at the same price. The bid is backed by Tether's large reserve portfolio and includes a commitment to invest €1 billion in the club's long-term development, potentially making it the first stablecoin firm to control a major European football institution if regulators approve.