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The plan for stablecoin issuer Tether to acquire Italian football club Juventus outright has been rejected. Juventus's largest shareholder, the holding company Exor controlled by the Agnelli family, unanimously rejected Tether's cash acquisition offer, clearly stating "no intention to sell Juventus shares to any third party," including Tether. Previously, Tether announced plans to acquire the 65.4% stake in Juventus held by Exor and stated that if the deal goes through, an additional $1 billion will be invested to support the club's development. Tether currently owns approximately 10%—11.53% of Juventus's shares, making it the second-largest shareholder. (CoinDesk)