Juventus FC: majority shareholder Exor rejects €1.1bn takeover bid from Tether (crypto)

"Exor NV announces that its board of directors has unanimously rejected an unsolicited proposal submitted by Tether Investments to acquire all of the shares in Juventus FC (Serie A Enilive) owned by Exor," said the holding company of the Agnelli family, majority shareholder (65.4%) of the Turin club, on 13/12/2025.

Tether Investments, the investment arm of Tether (a stablecoin based on the US dollar), became a minority shareholder in Juventus on 14/02/2025 via the acquisition of 8.2% of the club's floating capital (and 6.18% of the voting rights) before increasing its stake to 11.5% (7% of the voting rights) in the summer of 2025.

Tether has submitted a "binding all cash proposal" to Exor to acquire its entire stake in Juventus (at a price of €2.66 per stake), in a deal valued at €1.1bn, with the promise of a further €1bn investment "in the event that the transaction completes". Tether had also planned a public offer for the remaining shares (free float) at the same price in the event of an agreement with Exor.

"Exor reaffirms its previous, consistent statements that it has no…