On December 12, Tether submitted a mandatory proposal to Exor Holding to acquire its stake in the Juventus football club. The deal envisions purchasing Exor's entire 65.4% shareholding in cash.
If the agreement is approved by regulators, Tether plans to announce a public offer to purchase the remaining shares at the same price. The company noted that the transaction would be financed with its own funds.
Tether CEO Paolo Ardoino emphasized that the company sees Juventus not just as a sports asset but as a symbol of globally recognized Italian sports traditions. He stated that Tether is ready to provide long-term support for the club and invest in its sustainable development.
According to the statement, upon completion of the deal, Tether plans to allocate up to 1 billion euros for the development of the club’s sports and infrastructure projects. The finalization of the transaction is dependent on Exor’s approval, the signing of the definitive documents, and authorization from the relevant regulatory bodies.
Following this, Tether intends to launch a mandatory tender offer for minority shareholders. Tether is recognized as the world’s largest issuer of the USDT stablecoin.
USDT is primarily used in cryptocurrency transactions and decentralized financial services. The company positions itself as a long-term investor with a stable balance sheet, focusing on global infrastructure projects.
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