Exor Rejects Tether's Bid to Acquire Majority Stake in Juventus
Exor, the majority shareholder of Italian soccer club Juventus with a 65.4% stake, has unanimously rejected Tether's binding all-cash offer to purchase its shares. In a press release dated December 13, 2025, Exor stated it has no intention of selling to any third party, including Tether.
Tether, holding about 10% to 11.53% of Juventus shares, is the club's second-largest shareholder. The offer included a pledge to invest an additional $1 billion into Juventus if the bid were accepted. However, Exor described the bid as unsolicited and reaffirmed its commitment to both Juventus and the club's current management team and strategy.
Juventus has faced significant financial challenges in recent years, including recurring losses and over €1 billion in capital injections over the past seven years. As of the latest trading session, Juventus shares were priced at €2.194, down 0.9%, with a market capitalization near €988 million.
Following Tether's bid announcement, the JUV$ token price surged more than 32% within 24 hours to €0.8086, although there was no immediate market reaction following Exor's rejection announcement.
