Acquisition

Exor, the Agnelli family’s investment company, has unanimously rejected Tether’s €1 billion bid to acquire Juventus, maintaining full control over the Italian football club.

Stablecoin issuer Tether has submitted a $1 billion cash offer to acquire Juventus football club, targeting the 65.4% majority stake owned by Exor. The bid has reportedly been rejected, highlighting Tether’s expansion beyond crypto and raising regulatory questions.