exor

According to Reuters, after the Agnelli family of Italy rejected a takeover bid of over 1 billion euros (approximately 1.2 billion dollars) from the cryptocurrency group Tether for the Serie A football club Juventus last Saturday, Juventus (JUVE.MI) shares soared nearly 14% on Monday.Previously, the Agnelli family's holding company Exor (EXOR.AS) stated that, despite Tether's acquisition offer being a 21% premium over last Friday's closing price, it had no intention of selling any stake in the club.Equita analyst Martino De Ambroggi pointed out that, based on last Friday's market value, Juventus accounts for about 2% of Exor's net assets. If the sale were completed, Exor's net debt could be reduced by about 650 million euros to around 1.6 billion euros. However, the Juventus club is an asset that has helped Exor raise approximately 600 million euros in capital over the past six years.

According to CoinDesk, the plan for stablecoin issuer Tether to acquire the Italian football club Juventus has encountered setbacks.The major shareholder Exor's board unanimously rejected Tether's all-cash acquisition offer, which aimed to purchase the 65.4% stake held by Exor. Exor stated in a press release on Saturday that it "has no intention of selling any of its shares in Juventus to third parties, including but not limited to Tether, which is headquartered in El Salvador." Exor is a holding company controlled by the Italian Agnelli family, whose business empire includes Fiat Automobiles.Tether had previously announced that if the acquisition was successful, it planned to invest an additional $1 billion for the club's development. Currently, Tether holds a 11.53% stake in Juventus, making it the second-largest shareholder after Exor.

According to the official announcement, Tether has submitted a binding all-cash acquisition offer to Exor, intending to acquire its entire stake in Juventus Football Club, which represents 65.4% of the issued share capital. The completion of the transaction is subject to Exor's acceptance, the signing of final documents, and obtaining necessary regulatory approvals.After the transaction is completed, Tether plans to launch a public tender offer for the remaining shares at the same price per share, with all funds coming from its own capital, and commits to making a long-term commitment to the club. If the transaction is completed, Tether is prepared to invest €1 billion to support and develop Juventus Club.According to market news, informed sources revealed that the Agnelli family, which holds the controlling stake in the club, does not intend to sell its shares.

ChainCatcher news, according to Fortune magazine, Aptos Labs is collaborating with Universal Pictures to create an immersive digital experience for the upcoming release of "The Exorcist: Believer."It is reported that audiences who purchase tickets through Fandango will receive a redemption code for the digital experience, where they can collect exclusive artwork, watch behind-the-scenes footage, and use Exorcist-themed AR filters.