Tether’s Bid to Buy Italian Soccer Club Juventus Rejected by Majority Shareholder Exor

Stablecoin issuer Tether’s dreams of a full takeover of Italian soccer club Juventus appear to have been dashed. Majority shareholder Exor’s board of directors has unanimously rejected Tether’s binding, all-cash bid to purchase the firm’s 65.4% stake in Juventus, stating in a Saturday press release that it has “no intention of selling any of its shares in Juventus to a third party, including but not restricted to El Salvador-based Tether.” Tether publicly announced its bid to buy out Exor — the holding ...