Overview
- Tether submitted a binding all-cash offer to acquire Exor’s 65.4% stake at €2.66 per share, valuing Juventus at about €1.1 billion.
- The company pledged a further €1 billion to support the club’s development and said it would launch a same-price tender for remaining shares if the takeover proceeds.
- Exor and Agnelli family representatives said the club is not for sale and confirmed that negotiations are not underway.
- According to ANSA and AFP, the offer requires written acceptance by Dec. 22 at 1700 GMT, with any transaction also subject to multiple regulatory approvals.
- Tether already owns just over 10% and recently secured a board nominee, while Juventus has not reported an annual net profit in nearly a decade and its shares are down roughly 27–28% this year.