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Exor Rejects Tether’s Bid for Juventus, Citing Agnelli Family’s Long-Term Control
Exor Rejects Tether’s Bid for Juventus, Citing Agnelli Family’s Long-Term Control
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BTCCSquare news:
Exor NV, the holding company of Italy’s Agnelli family, has unequivocally dismissed a takeover approach from Tether for its controlling stake in Juventus Football Club. The stablecoin issuer’s all-cash offer for Exor’s 65.4% stake was labeled unsolicited and incompatible with the family’s commitment to retain ownership.
Tether’s December 12 proposal included plans to invest €1 billion in the club’s sporting ambitions, contingent on regulatory approvals. The bid targeted both Exor’s shares and a subsequent public tender for remaining equity. Exor’s board rejected the offer without deliberation, reiterating that Juventus remains a Core holding.
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