MIXI Australia Pty Ltd agreed to acquire PointsBet Holdings Limited (ASX:PBH) for approximately AUD 430 million on February 26, 2025.

A cash consideration of AUD 431.24 million valued at AUD 1.3 per share will be paid by MIXI Australia Pty Ltd. As part of consideration, AUD 431.24 million is paid towards common equity of PointsBet Holdings Limited.

As of August 22, 2025, BETR Entertainment Limited announced that it will not accept the MIXI Australia Pty Ltd offer. Assuming that BETR Entertainment Limited abides by this statement and retains its PointsBet Holdings Limited shares MIXI Australia Pty Ltd will not be able to acquire 90% of PointsBet Holdings Limited shares, so the condition attached to MIXI Australia Pty Ltd statement of intention to increase its offer price to AUD 1.30 per PointsBet Holdings Limited share will not be satisfied.

The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The deal has been unanimously approved by the board. The expected completion of the transaction is June 11, 2025 to June 20, 2025.