Shares in Italian soccer club Juventus surged more than 17% after Exor rejected an all-cash offer from Tether, valued at €2.66 a share, totaling around €1.1 billion. Exor reaffirmed its stance against selling to Tether, resulting in a market cap of €924 million. Despite recent gains, shares are down 19% in the last year. Tether, who bought a minority stake in Juventus earlier this year, has not commented on a potential new bid. Meanwhile, the stablecoin giant has been making significant investments in various industries, including robotics and media, as it aims to raise around $20 billion at a $500 billion valuation.

Read more at Yahoo Finance: Juventus Owner Rejects Tether’s $1.2 Billion Acquisition Offer, Sending Team’s Stock Soaring