PointsBet Holdings has recommended an acquisition by MIXI Australia Pty to shareholders following a previous bid made by BlueBet.

The acquisition will be executed through a scheme of arrangement, offering PointsBet shareholders a cash consideration that represents a substantial premium over recent trading prices.

The PointsBet board has unanimously recommended the proposal, pending shareholder approval and an independent expert’s endorsement. The transaction is expected to be finalized by June 2025, contingent on meeting all conditions.

In a letter to shareholders PointsBet said it has entered into a scheme implementation deed with MIXI and MIXI Australia for the proposed acquisition by MIXI Australia of 100% of the issued share capital of PointsBet by way of a scheme of arrangement

MIXI is a Japanese consumer technology company that develops and operates mobile games, communication services, and publicly managed sports betting services. It also manages professional sports teams in Japan. The company and its group companies have over 1,600 permanent employees across the globe and generated approximately JPY147 billion in annual net sales in JFY2024.

MIXI has a Northern Territory-licenced sports bookmaking subsidiary that provides wagering services to Australian consumers under the brand known as “betM”.