1 PointsBet Refuses Betr Takeover in Favor Of MIXI Proposal
swenb797352551 edited this page 2026-04-13 08:52:52 +08:00


Australian betting business PointsBet has actually verified it is declining a proposal from gambling operator Betr to buy 80.1% of its shares. Instead, PointsBet will accept a deal from social media provider MIXI.

- PointsBet has actually declined a Betr takeover proposition and rather signed an arrangement with MIXI Inc.

  • Betr used to purchase PointsBet shares at AU$ 1.20 each, but with 57% cash and 43% scrip
  • MIXI used to buy each PointsBet share at AU$ 1.20 in money

    The Betr to purchase 80.1% of PointsBet shares that the business does not currently hold, matching PointsBet's appraisal of AU$ 1.20 per share. However, the Betr proposal provided to pay that value in 57% money and 43% scrip.

    According to PointsBet, 43% of the share worth was straight tied to the worth of Betr shares. During its due diligence, PointsBet evaluated the value this would offer shareholders, which peaked at AU$ 1.14 per share however fell as low as AU$ 1.04 per share.

    However, while this was PointsBet's main evaluation, the business also took a longer-term view throughout its due diligence. This found that Betr's cost synergies were overstated which combination with PointsBet's Canadian operations was most likely to prove difficult.

    "The due diligence investigations carried out by PointsBet strengthen the view of the PointsBet Board that the worth of the Betr proposal is materially below the AU$ 1.20 in money per PointsBet being provided by MIXI Australia," stated the PointsBet release.

    Long PointsBet acquisition talks come to an end

    It's been a number of months since rumors of an acquisition of PointsBet initially emerged. Fanatics closed its acquisitions of PointsBet's U.S. operations in April 2024, paying $225 million to claim PointsBet's licensing facilities throughout the nation. Fanatics utilized this to launch Fanatics Sportsbook.

    PointsBet released a "Response to Media Speculation" in November 2024, rejecting a report that it went through an AU$ 300 million takeover quote.

    However, in 2025, the business began assessing numerous bids. In February, the PointsBet Board leaned towards an acquisition by BlueBet, which provided around AU$ 240 million and AU$ 260 million. Other contenders consisted of MIXI and Betr.

    Betr increased its offer for 80.1% of PointsBet in May to around AU$ 360 million, with the company currently holding a 19.9% stake. After PointsBet validated it was thinking about Betr's proposal in May and June, the most current news will come as a blow to Betr, with PointsBet favoring MIXI's deal.