Juventus Majority Owner Rejects Tether's €1.1 Billion Acquisition Offer
Exor N.V., the majority owner of Juventus, has unanimously rejected an unsolicited all-cash proposal from Tether Investments to acquire all Juventus shares owned by Exor. Tether's offer stood at €2.66 per Juventus share, valuing the club at about €1.1 billion (approximately $1.29 billion), which was roughly 21% above the close price on the preceding Friday.
Following the announcement, Juventus shares rose approximately 17% on Monday, trading around €2.56 ($3.01), reflecting an increased market value for Exor's stake in the football club. After this move, Exor's market capitalization was reported at around €924 million ($1.08 billion). Juventus last secured a Serie A title in the 2019-2020 season.
Exor has made clear that it has no intention to sell any Juventus shares to third parties, including Tether. Earlier, in February, Tether had purchased a minority stake in Juventus. Beyond Juventus, Tether has also expanded its investments, including leading an $81 million seed round in an Italian robotics firm and building a total position in Rumble valued around $679 million.
At this time, it remains unclear whether Tether plans to submit a new bid, as the company has not publicly commented on the proposal.
