Tether Submits Bid To Acquire Juventus Football Club — Details

Juventus owner Exor has rejected a $1 billion acquisition offer from Tether, the issuer of the USDT stablecoin, indicating a decision to maintain control over the football club. This rejection comes despite Tether's significant financial backing and interest in expanding its influence in the sports sector.

Tether's recent bid to acquire a controlling stake in Juventus FC from majority shareholder Exor has been rejected. The stablecoin issuer, which currently holds a 10% stake in the club, proposed an all-cash deal to buy the Agnelli family's 65.4% stake, but Exor declined the offer.

Tether has made a formal cash offer to acquire Exor's controlling stake of 65.4% in Juventus Football Club, marking a significant move into the sports sector with a proposed investment of $1 billion. This bid aims to enhance Tether's influence and presence in the sports industry, following its established role in the cryptocurrency market.

Tether, the issuer of the USDT stablecoin, is preparing for a significant $20 billion fundraising initiative aimed at enhancing liquidity for its investors and entering the U.S. market. This move follows Tether's recent efforts to stabilize its shareholder base amid market fluctuations.

Coinbase is set to launch its own prediction market in collaboration with Kalshi, a federally regulated financial exchange, with a formal unveiling scheduled for December 17. This development follows a period of anticipation, highlighted by a recent social media post revealing a screenshot of Coinbase's prediction markets dashboard.

Tether has made a $1 billion bid to acquire a controlling stake in Juventus FC, but the offer has been met with resistance from Exor, the club's largest shareholder, who has rejected the proposal. This acquisition attempt signifies Tether's ambition to expand its influence into the sports sector, challenging traditional ownership structures in football.

Tether has made a $1 billion bid to acquire a controlling stake in Juventus FC from Exor, which has reportedly declined the offer. This move marks Tether's significant entry into the sports sector, aiming to leverage its financial resources to enhance the club's operations and visibility.

Tether, the issuer of the popular stablecoin USDT, has announced its intention to acquire the Italian football club Juventus, pledging a substantial investment of $1 billion if the bid is successful. This move marks a significant foray into the sports sector for the cryptocurrency firm, which has been diversifying its investments across various industries.