PointsBet reiterates support for MIXI and rejects betr bid
PointsBet Holdings Limited refers to the unsolicited, conditional off- market all-scrip (share) takeover offer of 3.81 Betr shares for every 1 PointsBet share previously announced by Betr Entertainment Limited (Betr) (Unsolicited Betr Scrip Offer).
PointsBet also refers to the PointsBet Board-recommended off-market takeover bid for. PointsBet being made by MIXI Australia Pty Ltd (MIXI Australia) (MIXI Takeover Offer). The MIXI Takeover Offer is all cash at an offer price of $1.20 per PointsBet share.
MIXI Australia Pty Ltd, a subsidiary of MIXI, Inc, has initiated an off-market takeover bid for all fully paid ordinary shares in PointsBet Holdings Limited.
The offer, detailed in the Bidder’s Statement dated 17 July 2025, is set at a cash price of A$1.20 per share and is scheduled to close on 25 August 2025. The PointsBet Directors have recommended shareholders accept the offer in the absence of a superior proposal, indicating potential changes in ownership and strategic direction for PointsBet Holdings.