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Tether Announces Proposed Full Acquisition of Juventus Football Club

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Tether, a major player in crypto news, has announced plans to acquire all 65.4% of Juventus shares held by Exor in a full-cash offer. The deal, if approved, would see Tether buy the remaining shares at the same price, fully owning the club. The acquisition will be funded from Tether’s reserves, with a 1 billion euro investment pledged for the club’s development. CEO Paolo Ardoino, a Juventus fan, said the move aims to restore the club’s former glory and highlighted the company’s financial strength. The cryptocurrency news move marks a high-profile expansion beyond digital assets.
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