Mixi extends final offer to PointsBet
Mixi Australia, the Australian subsidiary of Japanese entertainment group Mixi, has extended the deadline for its all-cash takeover offer for PointsBet until 29 August.
According to Mixi, the offer provides certainty for shareholders, with a price of AU$1.25 (US$1)1 AUD = 0.6493 USD
2025-08-22Powered by CMG CurrenShift per share if fewer than 90% of shares are acquired, and AU$1.30 (US$1)1 AUD = 0.6493 USD
2025-08-22Powered by CMG CurrenShift per share if Mixi Australia reaches the 90% threshold.
Mixi also states that the AU$1.30 (US$1)1 AUD = 0.6493 USD
2025-08-22Powered by CMG CurrenShift price is final and will not be increased.
The offer is reportedly unconditional and fully funded from Mixi’s cash reserves of about AU$942 (US$612)1 AUD = 0.6493 USD
2025-08-22Powered by CMG CurrenShift million. Mixi also says it has received acceptances for 37.12% of PointsBet shares.
In a statement announcing the extension, Mixi positions its bid as offering a definite outcome, contrasting with rival bidder Betr, whose all-share proposal is, according to Mixi, conditional, exposed to share price fluctuations, and dependent on uncertain synergies, debt facilities, and selective buy-back terms.
The PointsBet Board also has described Betr’s proposed synergies as “materially overstated,” noting uncertainty in the extent and timing of benefits.
According to Mixi, this contrasts with what it describes as the certainty of funding and unconditional status of its own offer.
PointsBet shareholders have been given the option to accept the Mixi offer online via the Automic portal, but Mixi says it will not be extended beyond 29 August.
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