Add PointsBet Refuses Betr Takeover in Favor Of MIXI Proposal
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PointsBet-Refuses-Betr-Takeover-in-Favor-Of-MIXI-Proposal.md
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PointsBet-Refuses-Betr-Takeover-in-Favor-Of-MIXI-Proposal.md
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<br>Australian betting business PointsBet has actually verified it is [declining](https://www.pompombaby.co.uk/blog/journal-blog-is-here) a proposal from [gambling operator](https://www.pompombaby.co.uk/blog/journal-blog-is-here) Betr to buy 80.1% of its shares. Instead, PointsBet will accept a deal from social media provider MIXI.<br>
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<br>- PointsBet has actually declined a Betr takeover proposition and rather signed an arrangement with MIXI Inc.
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- Betr used to purchase PointsBet shares at AU$ 1.20 each, but with 57% cash and 43% scrip
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- MIXI used to buy each PointsBet share at AU$ 1.20 in money<br>
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<br>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](https://www.pompombaby.co.uk/blog/journal-blog-is-here) provided to pay that value in 57% money and 43% scrip.<br>
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<br>According to PointsBet, 43% of the share worth was straight tied to the worth of Betr shares. During its due diligence, [PointsBet evaluated](https://www.pompombaby.co.uk/blog/journal-blog-is-here) the value this would offer shareholders, which peaked at AU$ 1.14 per share however fell as low as AU$ 1.04 per share.<br>
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<br>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.<br>
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<br>"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.<br>
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<br>Long PointsBet acquisition talks come to an end<br>
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<br>It's been a number of months since rumors of an [acquisition](https://www.pompombaby.co.uk/blog/journal-blog-is-here) of PointsBet initially emerged. Fanatics closed its acquisitions of PointsBet's U.S. operations in April 2024, paying $225 million to claim PointsBet's licensing facilities throughout the nation. [Fanatics utilized](https://www.pompombaby.co.uk/blog/journal-blog-is-here) this to launch Fanatics Sportsbook.<br>
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<br>PointsBet released a "Response to Media Speculation" in November 2024, [rejecting](https://www.pompombaby.co.uk/blog/journal-blog-is-here) a report that it went through an AU$ 300 million takeover quote.<br>
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<br>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](https://www.pompombaby.co.uk/blog/journal-blog-is-here) of MIXI and Betr.<br>
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<br>Betr increased its offer for 80.1% of [PointsBet](https://www.pompombaby.co.uk/blog/journal-blog-is-here) in May to around AU$ 360 million, with the company currently holding a 19.9% stake. After [PointsBet validated](https://www.pompombaby.co.uk/blog/journal-blog-is-here) it was thinking about Betr's proposal in May and June, the most [current](https://www.pompombaby.co.uk/blog/journal-blog-is-here) news will come as a blow to Betr, with PointsBet favoring MIXI's deal.<br>
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