Summary
- MIXI Australia raised its final PointsBet takeover offer to AU$1.30 per share, contingent on securing 90% of shares, with a fallback of $1.25.
- Betr’s rival all-share offer and 19.9% voting power could block the higher price, following a failed MIXI bid in June due to a voting error.
- PointsBet’s board backs MIXI’s cash offer for its certainty, urging shareholders like you to act by the extended August 29 deadline.
You’re witnessing a heated takeover battle for PointsBet, and MIXI Australia just upped the ante with a final all-cash offer.
This move could reshape the Australian betting scene, and here’s what it means for you as a fan or investor.
MIXI’s Final Push to Win PointsBet
A Higher Price, But With a Catch
MIXI’s latest offer values PointsBet at AU$1.30 per share, topping their previous $1.25 bid, which they’d called final.
To get this price, MIXI needs to secure at least 90% of PointsBet’s shares; otherwise, it drops to $1.25. With only 37.12% of shares secured so far, MIXI extended the offer deadline to August 29, 2025, giving you and other shareholders more time to decide.
Why MIXI Keeps Fighting
The takeover saga has been intense, with MIXI and rival Betr Entertainment trading blows for months. Betr’s recent all-share offer of 4.219 shares per PointsBet share, opened on August 18, pushed MIXI to sweeten their deal.
PointsBet’s board still backs MIXI’s cash offer for its certainty, urging you to ignore Betr’s proposal, but the competition is fierce.
See also:
- ProgressPlay Hit with £1M Fine for Compliance Failures in the UK
- EvenBet Gaming partners with Devilfish Poker to launch industry’s first community-led player acquisition engine
- Greentube enters Moldova with landmark National Lottery partnership
Betr’s Influence Could Tip the Scales
A Close Call in June
MIXI nearly clinched the deal in June with a $1.20 per share offer, winning 95.69% of shareholder votes. But a glitch excluded Betr’s votes, and a recount dropped approval to 70.48%, missing the mark.
Betr, holding 19.9% of PointsBet’s voting power, could block MIXI from hitting the 90% needed for the $1.30 price, potentially forcing you to settle for $1.25 per share.
Betr’s Next Move
Betr’s all-share offer, valued around AU$1.27 per share, relies on stock value and promised synergies, which PointsBet’s board calls “overstated.”
Betr hasn’t responded to MIXI’s latest bid, but their stake gives them leverage. As a shareholder, you’ll want to watch how Betr plays their hand before the August 29 deadline.
What This Means for You
A Stronger PointsBet Future
If MIXI’s takeover succeeds, you could see a more robust PointsBet backed by a global tech giant, potentially bringing better betting options and stability.
The all-cash deal offers immediate value, unlike Betr’s stock-based offer, which carries risks tied to market fluctuations. This could impact your betting experience or investment returns.
Stay Tuned for the Outcome
The extended deadline means you have until August 29 to decide on MIXI’s offer. With Betr in the mix, the final price hangs in the balance. Keep an eye on updates to make an informed choice, as this deal could set the tone for Australia’s competitive betting market.
Join us on all our social channels and groups
Gameongazette is present on:
