PointsBet has provided an update on the current offers for its shares. Mixi Australia has increased its voting stake in PointsBet to 51.9%, giving it a controlling interest in the company. Mixi's cash offer of AU$1.25 (US$0.83) per share has been extended until 19:00 Melbourne time on Friday, 12 September 2025.
Betr has submitted a conditional scrip-based offer, proposing 4.375 Betr shares for each PointsBet share, which also includes a potential selective buy-back. An independent expert's supplementary report concluded that while the selective buy-back is not considered fair to Betr shareholders, the overall offer is reasonable.
Betr had launched an all-scrip takeover bid for PointsBet in August after several months of competing proposals from both Betr and Mixi. The PointsBet board had previously supported Mixi's AU$1.25 cash offer.
Good to know: Mixi Australia has recently issued its Fourth Supplementary Bidder's Statement concerning its off-market takeover of PointsBet
The PointsBet Board continues to focus on ensuring shareholders have access to relevant information regarding the competing offers. The board notes that Mixi's controlling interest provides clarity around governance and decision-making. Shareholders are advised to review all relevant documents and expert guidance before making a decision.
PointsBet shareholders are encouraged to evaluate both offers carefully, taking into account the financial and strategic implications of each. The board emphasises that accepting the Mixi cash offer does not require any action regarding the Betr offer, and shareholders should submit their decisions by the stated deadline.
Mixi Australia has recently issued its Fourth Supplementary Bidder's Statement concerning its off-market takeover of PointsBet
