[Tether Plans to Fully Acquire Serie A Giant Juventus, with a $1 Billion Investment Plan] BlockBeats News, December 13, according to a report by Coindesk, Tether, the world's largest stablecoin USDT issuer, plans to acquire the Italian football club Juventus, intending to increase its existing minority stake to 100%. In an announcement on Friday, the company stated that it had submitted a binding all-cash acquisition offer to the club's major shareholder, Exor, aiming to purchase its 65.4% stake. If the deal is completed, Tether will launch a public tender offer for the remaining shares of the club at the same price. Juventus' parent company, Juventus FC SpA, is a publicly listed company with a market capitalization of approximately $925 million based on Friday's closing price. Tether stated that if the acquisition is completed, it will be "prepared" to invest $1 billion into the club. "Our interest in Juventus stems from deep admiration and respect," said Tether CEO Paolo Ardoino, a lifelong Juventus fan, in a statement. "Tether is financially robust and plans to support the club's development with stable capital and a long-term vision." Currently, Tether holds more than 10% of Juventus shares and had expressed earlier this year its desire to play a more active role in the Turin-based club. Following the announcement, Juventus fan token JUV surged by 30%.