Exor N.V., the controlling shareholder of Juventus Football Club owned by the Agnelli family, rejected stablecoin issuer Tether’s takeover bid.
Tether’s $1.3 billion all cash bid for Exor’s 65.4% stake came at a 21% premium to its current value
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Exor said it has no intention of selling shares to any third party, including Tether, emphasizing Juventus as a “storied and successful club” tied to the Agnelli family for over 100 years.
Tether, already Juventus’ second-largest shareholder with an 11.5% stake acquired since February 2025, gained a board seat last month
Tether CEO Paolo Ardoino, a self-proclaimed lifelong fan, said he aimed to “Make Juventus Great Again” through the acquisition.
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