Wu Shuo learned that Tether announced it has submitted a binding all-cash acquisition proposal to Exor, aiming to purchase all shares it holds in Juventus Football Club (representing 65.4% of the issued share capital); the transaction is subject to regulatory approval and the completion of final documentation. If the deal is completed, Tether plans to make a full takeover bid for the remaining shares at the same price, with all funds coming from its own capital, and has expressed its intention to make long-term investments to support the club's development. Tether also disclosed that if the acquisition is successfully completed, it plans to inject up to €1 billion into Juventus for the club's operations and growth.
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Wu Shuo learned that Tether announced it has submitted a binding all-cash acquisition proposal to Exor, aiming to purchase all shares it holds in Juventus Football Club (representing 65.4% of the issued share capital); the transaction is subject to regulatory approval and the completion of final documentation. If the deal is completed, Tether plans to make a full takeover bid for the remaining shares at the same price, with all funds coming from its own capital, and has expressed its intention to make long-term investments to support the club's development. Tether also disclosed that if the acquisition is successfully completed, it plans to inject up to €1 billion into Juventus for the club's operations and growth.