Tether’s €1.1 Billion Juventus Play Pits New Vs. Old
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Tether, best known for its USDT stablecoin, said it would inject another €1 billion to support the development of the club.Tether 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.