The $1.3 billion acquisition offer of Tether by Juventus is rejected by the majority shareholders

Source: Yellow Original Title: Juventus Shareholders Reject Tether’s $1.3 Billion Acquisition Offer

Original Link: https://yellow.com/es/news/oferta-de-adquisición-de-1300-millones-de-dólares-de-tether-por-la-juventus-es-rechazada-por-los-accionistas-mayoritarios The issuer of stablecoins Tether and its ambitious bid to acquire the Italian football club Juventus FC has been unanimously rejected by the majority shareholder Exor.

The board of directors announced on Saturday that <> its 65.4% controlling stake to the cryptocurrency company based in El Salvador.

The rejection came less than 24 hours after Tether publicly revealed its fully cash-backed binding offer on Friday.

What happened

Tether offered €2.66 per share for Exor’s controlling stake, representing a 21% premium over Juventus’s Friday closing price of €2.19.

The proposal valued the Turin-based club at approximately €1.1 billion (1.3 billion dollars).

Tether CEO, Paolo Ardoino, lifelong Juventus fan, had committed to investing an additional €1 billion in the club’s development if the acquisition succeeded.

The stablecoin issuer currently holds an 11.53% stake in Juventus, making it the second-largest shareholder after Exor.

Juventus’s fan token, JUV, surged over 32% following the announcement of the bid.

Exor described the proposal as <<unsolicited=“”>> in its statement, reaffirming the Agnelli family’s century-long commitment to the club.

Why it matters

The rejection marks a significant setback for Tether’s diversification strategy beyond its core stablecoin business.

Tether reported net profits exceeding $10 billion in the first nine months of 2025, thanks to its dominant stablecoin USDT.

The company has been aggressively expanding into artificial intelligence, robotics, bitcoin mining, and sports investments.

Juventus has faced recurring financial challenges, requiring over €1 billion in capital injections over the past seven years.

The failed bid represents the boldest attempt yet by a cryptocurrency company to acquire majority control of a major European football club.