EXOR: No Intention to Sell Juventus to Tether or Any Other Party

BlockBeats News, December 14th, the Agnelli family holding company EXOR stated on Saturday that the family has no intention of selling Juventus to Tether or any other party, while rejecting Tether's sudden acquisition proposal for this most successful Italian football club.

BlockBeats previously reported that on December 13th, Tether planned to acquire the Italian football club Juventus, intending to increase its existing minority stake to 100%. The company stated in Friday's announcement that it had submitted a binding all-cash acquisition offer to the club's major shareholder EXOR, intending to acquire its 65.4% stake. If the transaction is completed, Tether will launch a public tender offer for the remaining shares of the club at the same price. Juventus Football Club's parent company, Juventus FC SpA, is a publicly traded company, with a market value of approximately $925 million based on Friday's closing price.