Mixi secures 66.4% voting power in PointsBet following takeover bid
Mixi Australia has confirmed the completion of its off-market takeover bid for PointsBet, raising its stake to 66.43% as rival offers from Betr fall away.
Key points:
– Mixi Australia’s relevant interest increased from 61.59% to 66.43%
– Acquisitions were made through AU$1.25 per share on-market purchases and takeover acceptances
– Competing offer from Betr left unresolved as PointsBet board previously backed Mixi
Mixi Australia, a wholly owned subsidiary of Japan-based Mixi, has completed its off-market takeover bid for PointsBet Holdings Limited.
At the close of the offer on 12 September 2025, Mixi secured 66.43% voting power, up from 61.59%, after acquiring a further 16.8 million shares.
The additional shares were obtained through on-market purchases priced at AU$1.25 (US$0.83) per share and acceptances under the terms of its July bidder’s statement.
Settlement of acquisitions made between 10 and 12 September will be finalised on a T+2 basis.
Good to know: The PointsBet board had previously endorsed Mixi’s cash bid over a competing all-scrip offer from Betr, which proposed 4.375 Betr shares per PointsBet share
The outcome confirms Mixi’s controlling position in PointsBet, following months of competing offers.
Earlier this month, the independent expert’s supplementary report concluded that elements of Betr’s selective buy-back proposal were not considered fair, although reasonable, while reaffirming that Mixi’s AU$1.25 cash offer provided greater certainty.
The PointsBet board had urged shareholders to carefully consider the financial and strategic implications of both proposals, but Mixi’s controlling interest means it will now play the leading role in governance and decision-making.
This development marks a significant shift for PointsBet, which has been at the centre of a takeover contest involving Mixi and Betr throughout 2025.
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