Juventus takeover?! Crypto firm plans to buy majority stake
Tether, a cryptocurrency firm, has submitted a binding proposal to buy a controlling stake in Juventus, potentially ending more than a century of ownership by the Agnelli family. The offer, lodged with Exor, the Agnelli family’s holding company, values Juventus at approximately €1.1 billion (£966m/$1.29bn). Tether has proposed to acquire Exor’s 65.4 per cent shareholding at a price of €2.66 per share and later intends to launch a public tender for the remaining shares at the same valuation.