Tether Bids for Juventus: Rejected Crypto Deal
- * Tether's Bid: Cryptocurrency firm Tether has made a bid to acquire the entire stake in Italian football club Juventus.
Here’s a summary of teh key information from the article:
* Tether‘s Bid: Cryptocurrency firm Tether has made a bid to acquire the entire stake in Italian football club Juventus.
* Offer Details: The offer is 2.66 euros per share, valuing the club at 1.1 billion euros ($1.3 billion).
* Exor’s Current Stake: Exor currently owns 65.4% of Juventus.
* Exor’s Initial Response: despite rumors and Tether’s initial stake acquisition,Exor had previously stated they had no intention of selling. A source close to Exor reiterated this position even after the bid.
* Tether’s Ambitions: Tether aims to “Make Juventus Great Again” and plans to invest one billion euros in the club, integrating its businesses (AI, biotech) into the sports industry.
* Recent Developments: Tether appointed a nominee to Juventus’ board of directors last month.
* Deadline: Exor has until 6:00 pm (1700 GMT) on December 22nd to accept the offer, otherwise it lapses.
* Market Reaction: Juventus shares closed at 2.19 euros on Friday, below Tether’s offer price.