Mixi gains majority control of PointsBet
The Australian subsidiary of Japanese entertainment giant Mixi has gained majority control of sportsbook operator PointsBet, increasing its voting power beyond the 50% threshold.
The move means that, under Australian corporate law, the deadline for PointsBet shareholders to decide on Mixi’s existing takeover offer is extended until 12 September.
It also is a pivotal moment in the ongoing acquisition contest between Mixi and rival sportsbook bidder Betr Entertainment.
PointsBet had previously dismissed Betr’s proposal, arguing that it was materially inferior to Mixi’s offer. With Mixi in control, the rationale behind Betr’s proposed buy-back strategy and claims about synergies has been weakened.
Mixi also has reiterated concerns about the financing behind Betr’s revised bid, including a reported 13% interest loan linked to its Chairman, warning that such high-cost arrangements could reduce shareholder value.
Mixi’s offer remains fixed at AU$1.25 (US$1)1 AUD = 0.6557 USD
2025-09-01Powered by CMG CurrenShift per share in cash, valuing PointsBet at roughly AU$500 million (US$328 million)1 AUD = 0.6557 USD
2025-09-01Powered by CMG CurrenShift with payments due to be made within 10 business days of acceptance.
PointsBet, which is listed on the Australian Securities Exchange, provides cloud-based sports wagering and igaming services in Australia and Canada. With a majority stake, Mixi is closer to getting full control and strengthening its foothold in the global online betting market.
Dig deeper
Verticals:
Sectors:
Topics:
