PointsBet directors approve ‘final’ MIXI offer, but Betr launches regulatory challenge

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PointsBet administrators have unanimously advisable that firm shareholders settle for the ‘greatest and closing’ MIXI Australia takeover provide, whereas rival bidder Betr Leisure has launched a contemporary regulatory problem.

MIXI confirmed it’s prepared to shell out AU$1.25 (US$0.82) per share to accumulate PointsBet.

The ‘unconditional’ provide was made after approval was granted by the International Funding Evaluation Board (FIRB) of Australia to shut in on the deal.

Though ‘greatest and closing’ has been used when it comes to the proposal, MIXI has acknowledged it retains the correct to extend the provide additional if it may well get hold of greater than 50% of the general shareholding.

This might turn into potential as all shareholders who accredited the preliminary deal to obtain an uplift to their value.

Because it stands, Mixi is a big minority shareholder with management of 28.2% of PointsBet.

An official communication supplied all the newest particulars on the MIXI takeover provide.

MIXI PointsBet takeover faces new regulatory problem from betr

https://t.co/Ctv56VngL4 #betr $PBH #MIXI

— NEXT.io (@nextdotio) August 11, 2025

Betr alleges MIXI used timing benefit to engineer uneven taking part in subject

The proposed takeover of the Australian betting platform has been an ongoing saga, with the newest replace representing the thirty third replace to PointsBet’s investor relations web page over the past 4 months.

MIXI seems to have lastly secured the higher hand on rival bidder, Betr Leisure, however the latter nonetheless holds hope that it may well get a deal over the road.

Betr had elevated its provide to AU$1.35 per share, on all all-scrip foundation, however this was rejected by the PointsBet board.

Now, Betr has taken its case to the Takeovers Panel, alleging MIXI was utilizing a timing benefit to safe the acquisition earlier than its provide might be thought of.

Betr is claiming that an uneven taking part in subject has been engineered, placing PointsBet shareholders at a drawback.

Within the utility to the Takeovers Panel, Betr has introduced the case that: “MIXI is searching for to use the procedural penalties of ongoing Takeovers Panel proceedings (being a delay within the despatch of Betr’s alternative bidder’s assertion and the opening of the Betr Supply) to boost and probably safe its management of PointsBet earlier than the Betr Supply is distributed to PointsBet shareholders and open for acceptances.”

Betr needs interim orders to be granted to forestall MIXI from processing acceptances underneath the newest provide till the Panel reaches its findings on the problems round its personal proposal for PointsBet.

Picture credit score: PB

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