Tether plans an all-cash acquisition of Exor's 65.4% stake in Juventus Football Club

According to ChainCatcher, as per the official announcement, Tether has submitted a binding all-cash acquisition offer to Exor, intending to acquire all of its shares in Juventus Football Club, accounting for 65.4% of the issued share capital. The completion of the transaction is subject to Exor's acceptance, the signing of final documents, and obtaining necessary regulatory approvals.

After the transaction is completed, Tether plans to launch a public tender offer for the remaining shares at the same per-share price, with all funds coming from its own capital, and has committed to a long-term commitment to the club. If the transaction is completed, Tether is prepared to invest 1 billion euros to support and develop Juventus Club.

According to market sources, insiders revealed that the Agnelli family, which holds the controlling stake in the club, does not intend to sell its shares.