On December 14, EXOR, the holding company of the Agnelli family, stated on Saturday that the family has no intention of selling Juventus to Tether or any other party, and rejected Tether's sudden takeover offer for the most successful Italian football club.
BlockBeats previously reported that on December 13, Tether planned to acquire Italian football club Juventus, aiming to increase its existing minority stake to 100%. In a statement released Friday, the company said it had submitted a binding all-cash offer to EXOR, the club's major shareholder, to acquire its 65.4% stake. If the deal goes through, Tether will launch a public tender offer for the remaining shares of the club at the same price. Juventus FC SpA, the parent company of Juventus, is a publicly traded company with a market capitalization of approximately $925 million based on Friday's closing price.
