Tether plans to acquire Exor's 65.4% stake in Juventus Football Club in an all-cash deal.
PANews reported on December 13th that, according to an official announcement, Tether has submitted a binding all-cash offer to Exor to acquire all of its shares in Juventus Football Club, representing 65.4% of its issued share capital. The transaction is subject to Exor's acceptance, signing of final documents, and obtaining necessary regulatory approvals. Following the transaction, Tether plans to launch a public tender offer for the remaining shares at the same price per share, with all funds coming from its own capital, and has committed to a long-term commitment to the club. If the transaction is completed, Tether is prepared to invest €1 billion to support and develop Juventus. According to Bloomberg, sources familiar with the matter revealed that the Agnelli family, which holds a controlling stake in the club, does not intend to sell its shares.
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