Juventus majority owner Exor rejects Tether's $1.1B acquisition bid

Exor, the majority shareholder of Italian Serie A football club Juventus, has rejected a €1 billion (approximately $1.1 billion) acquisition offer from stablecoin issuer Tether, Cointelegraph reported. In an official statement on Dec. 14, the holding company announced that its board had unanimously turned down the proposal. The bid from Tether reportedly valued Juventus at around €1 billion, proposing a price of €2.66 ($2.87) per share. Exor, which has been controlled by Italy's Agnelli family for over a century, owns a 65.4% stake in the club.