Overview
- Tether Investments submitted a binding, unsolicited cash offer to buy Exor’s 65.4% holding at €2.66 per share, valuing Juventus’s equity at about €1.1 billion with a roughly 20.7% premium to the Dec. 11 price.
- Exor said no negotiations are underway, and sources close to the holding reiterated that Juventus is not for sale to Tether or to other potential buyers.
- The bid lapses unless Exor delivers written acceptance by 18:00 CET on Dec. 22, after which a definitive sale agreement and regulatory approvals would still be required.
- Tether says the offer is fully funded from its own resources with no financing condition and includes a commitment to invest about €1 billion in the club if the transaction closes.
- Tether already owns roughly 11.5% of Juventus and has a board representative, and the approach comes as Exor pursues disposals such as the planned sale of publisher Gedi.