MIXI Australia Pty Ltd, a subsidiary of MIXI, Inc, has launched an off-market takeover bid for PointsBet Holdings Limited.

The offer, priced at $1.25 per share, is final and will close on 12 September 2025. MIXI Australia now controls over 50% of PointsBet shares, making PointsBet a subsidiary of MIXI Australia.

This acquisition prevents betr from achieving control of PointsBet, although betr sees potential for collaboration with MIXI-controlled PointsBet.

MIXI Australia has stated it intends to vote its majority shareholding against any resolution proposed at a general meeting of PointsBet to appoint any person affiliated with betr as a director of PointsBet.

After the offer closes, MIXI Australia’s ability to acquire additional PointsBet shares will be restricted, as it cannot rely on the ‘3% creep rule’ for at least six months. PointsBet shareholders are encouraged to contact the Offer Information Line with any questions regarding the offer or how to accept it.