The board of directors of Exor, the majority shareholder of Italian football club Juventus, unanimously decided to reject a takeover offer from stablecoin issuer Tether. In a statement, Exor said it "has no intention of selling its Juventus shares to any third party," explicitly including Tether. Previously, Tether had offered to acquire Exor's 65.4% stake in Juventus in cash, stating that it planned to invest an additional $1 billion in the club's development if the deal went through. Tether currently holds approximately 10% of Juventus' shares and has repeatedly expressed its desire to play a more active role in the club's governance. Exor emphasized that the Agnelli family, as Juventus's stable controlling shareholder for over a century, will continue to support the club's management in implementing its established strategies. Following the news of the Tether acquisition, Juventus-related token JUV surged by over 32% in the past 24 hours. As of now, Tether has not publicly responded to Exor's decision. (CoinDesk)
JinseFinance