Juventus Shares Surge After Tether's Acquisition Offer Rejected

According to BlockBeats, Juventus shares rose nearly 14% on Monday following the rejection of a significant acquisition offer from the crypto group Tether. The offer, which exceeded 1 billion euros, was turned down by the Agnelli family, who control the Italian football club through their holding company, Exor. Despite Tether's proposal being 21% above Friday's closing price, Exor announced it had no intention of selling any shares of the club. Equita analyst Martino De Ambroggi noted that Juventus represents about 2% of Exor's net assets based on last Friday's market value. If the sale had proceeded, Exor's net debt could have been reduced by approximately 650 million euros to around 1.6 billion euros. However, Juventus has been a valuable asset for Exor, contributing to a capital increase of about 600 million euros over the past six years.