Tether’s €1.1 Billion Juventus Play Pits New Money Vs. Old
Tether, best known for its USDT stablecoin, said it would inject another €1 billion to support the development of the club.
Photographer: Lam Yik/BloombergTether Holdings SA’s offer to acquire Juventus Football Club SpA pits a fast-growing crypto powerhouse against a more than century-old Italian industrial dynasty.
The crypto firm’s all-cash proposal to buy Exor NV’s 65.4% holding for €2.66 a share values Juventus at about €1.1 billion ($1.3 billion), according to a letter sent to Exor and seen by Bloomberg on Saturday. It represents a roughly 21% premium to Juventus’s closing share price in Milan on Friday.