Juventus Rejects $1.2 Billion Acquisition Offer from Tether, Shares Surge

Background of the Acquisition Proposal

Juventus Football Club, one of Italy's most successful football clubs with 36 Serie A titles, saw its shares surge nearly 14% on Monday after reports emerged that the Agnelli family's holding company, Exor, had rejected an unsolicited acquisition offer from cryptocurrency firm Tether ¹

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Source 2

https://internasional.kontan.co.id/news/pemilik-juventus-tolak-tawaran-akuisisi-tether-senilai-lebih-dari-1-miliar

. The offer valued Juventus at over $1.2 billion, representing a significant premium to its current market valuation.

Financial Performance and Market Reaction

The rejection news led to an immediate positive market reaction, with Juventus shares rising sharply despite the club's recent financial struggles. In the past five years, Juventus stock has lost 57% of its value according to LSEG data ¹

. The club's on-field performance has also declined since their record ninth consecutive Serie A title in 2020, currently sitting in fifth place in the league standings.

Ownership Structure and Future Prospects

Exor, the Agnelli family holding company that has controlled Juventus for over a century, stated that their board of directors unanimously rejected Tether's unsolicited proposal to acquire the remaining shares of the club ²

. This decision maintains the Agnelli family's long-standing control over the historic Italian football club.

Market and Financial Implications

The significant share price reaction highlights the market's perception of the potential value creation or risks associated with the acquisition proposal. While Tether's offer was rejected, the $1.2 billion valuation represents a significant premium that could have potentially benefited existing shareholders.