Overview
- Tether submitted a binding, all-cash proposal to buy Exor’s 65.4% stake in Juventus and said it would launch a public tender for remaining shares at the same price.
- Sources close to Exor reiterated that “Juventus is not for sale,” maintaining the Agnelli family’s century-long control of the club.
- Reports place the offer at €2.66 per share, valuing Exor’s stake near €1.1 billion, with Juventus shares closing at €2.19 on Friday.
- Tether said it would commit €1 billion to support the club if a deal is completed, with any transaction contingent on Exor’s acceptance and required approvals.
- The bid follows Tether building a stake above 10% and a recent board appointment of its nominee Francesco Garino, with a reported acceptance deadline of December 22 at 6 p.m. CET.