MIXI Australia Pty Ltd (MIXI) has acquired the inexperienced mild from the nation’s regulators to take over PointsBet.
This marks a doable finish to the months-long saga that was fiercely contested between MIXI and rival Betr Leisure (Betr). The previous has now come out on prime, revealing that they’ve gained the approval of the Overseas Funding Evaluation Board (FIRB) of Australia to maneuver on PointsBet’s shares.
MIXI secures inexperienced mild for PointsBet
As we reported, there was a prolonged story within the acquisition of PointsBet, with these within the race taking prime spot a number of occasions. In early 2025, Betr appeared to have the higher hand within the share talks. Nonetheless, MIXI turned the board of administrators’ favorite shortly after PontsBet questioned the valuation of the opposite playing operator’s provide.
Each events are already current minority shareholders in PointsBet, with Betr holding round 19.6%, in comparison with MIXI’s 9.15%.
Nonetheless, MIXI’s preliminary provide had a decrease shareholder acceptance threshold and led to the corporate, within the type of a pre-agreement, securing 17.18% of shares. These had been agreed from holdings of administrators and pre-bid agreements from institutional holders.
Betr makes improved provide
This turned the tide in favour of MIXI over Betr, which pressured the now out-of-favour firm to extend its takeover offer. Betr revealed that its provide would equate to $1.35 per share, because it launched an announcement discussing the provide in a final gasp try and sway stakeholders to alter their minds.
“The improved provide is superior to MIXI’s provide of $1.20 money per PointsBet Share,” stated Betr within the monetary assertion. “Betr continues to firmly consider within the mixture rationale and that we will create materials worth for PointsBet and Betr shareholders by integrating these two companies, permitting us to profitably develop our share of the Australian wagering market.”
FIRB backs MIXI
MIXI has now revealed that the (FIRB) approval green-lights the corporate’s PointsBet shares takeover.
“MIXI Australia has at present been notified by the Overseas Funding Evaluation Board (FIRB) that the Commonwealth has no objection to the proposed acquisition by MIXI Australia of as much as a 100% curiosity in PointsBet by the use of an off-market takeover bid and different associated strategies as permitted underneath the Firms Act 2001 (Cth) (Firms Act),” learn the corporate assertion.
So the saga has come to an finish, and now MIXI, failing any objections by PointsBet, will get the keys to the corporate’s betting kingdom.
Featured Picture: MIXI official.
Trending Merchandise
