Exor N.V. Rejects Tether’s Offer for Juventus Stake
- Exor N.V. declined Tether Investments’ bid to acquire its 65.4% controlling stake in Juventus Football Club.
- The decision was made unanimously by Exor’s board of directors within 24 hours of the offer.
- Exor and the Agnelli family reaffirmed their commitment to retaining ownership and supporting Juventus’ management.
- Tether, currently the second-largest shareholder, aimed to revitalize Juventus amid financial struggles.
- Exor CEO John Elkann emphasized the family’s century-long connection with Juventus, asserting that the club is not for sale.
Exor N.V.’s swift rejection of Tether’s proposal underscores its dedication to maintaining control over Juventus Football Club, reflecting a long-standing familial bond and commitment to future success.
Source (3.2)https://cryptobriefing.com/tether-takeover-bid-juventus/?rand=59535
