Tether Makes All-Cash $1.1B Bid to Buy Juventus, but Offer Rejected

Core Insights - Tether has made a $1.1 billion all-cash bid to acquire a 65.4% controlling stake in Juventus Football Club, which was quickly rejected by Exor, the holding company of the Agnelli family [2][3][7] - Despite the rejection, Tether is positioning itself as a long-term investor, expressing willingness to invest €1 billion to strengthen the club if a deal is reached [3][4][7] Financial Position - Tether is in a strong financial position, with the potential to generate approximately $15 billion in revenue this year, positioning itself as a contender to become the world's most profitable company [4][6] Strategic Moves - Tether has gradually increased its influence in Juventus, having acquired over 10% of the club's shares and nominated members to its board [5] - The company has been diversifying its investments into various sectors, including artificial intelligence, robotics, and health-tech, alongside its interest in sports [4][5]