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The directors of Pointsbet have unanimously recommended that the company’s shareholders accept the acquisition offer of Mixi Australia ‘better and final’, while the rival bidder Betr Entertainment has launched a new regulatory challenge.
Mixi confirmed that he is willing to disburse AU $ 1.25 (US $ 0.82) per share to acquire points points.
The ‘unconditional’ offer was made after the approval of the Australian Foreign Investment Review Board (FIRB) to close the agreement.
Although ‘better and final’ has been used in terms of the proposal, Mixi has declared that it retains the right to further increase the offer if it can obtain more than 50% of the general participation.
This could be possible since all shareholders who approved the initial agreement to receive an elevation of its price.
As is, Mixi is a significant minority shareholder with the control of 28.2% of the points points.
A Official communication He provided all the last details about the Mixi acquisition offer.
Mixi Pointsbet Takeover faces a new Betr regulatory challenge
https://t.co/CTV56VGL4#betr $ PBH #Held
– Next.io (@nextdotio) August 11, 2025
Betr alleges that Mixi used the time advantage to design the unequal playing field
The proposed acquisition of Australian betting platform It has been an ongoing saga, with the latest update that represents update 33 of the Pointsbet investors relations page in the last four months.
Mixi seems to have finally ensured the advantage over the rival bidder, Betr’s entertainment, but the latter still has the hope that he can reach an agreement on the line.
Betr had increased its offer to Au $ 1.35 per share, in all years, but this was rejected by the dot dash.
Now, Betr has taken his case to the acquisition panel, claiming that Mixi was using an advantage of time to ensure the acquisition before his offer could be considered.
Betr states that an unequal playing field has been designed, putting the shareholders of the disadvantage points.
In the request to the Procurement Panel, Betr has submitted the case that: “Mixi is trying to exploit the procedure consequences of the ongoing acquisition panel procedures (which is a delay in sending the declaration of the replacement positors of Betr and the opening of the supply of Betr) to improve and potentially ensure its control of points before Betr’s offer is sent to the shareholders of the points of the points of the points of the points of the points of the points of the points. and the opening of acceptances. ” “
Betr wants intermediate orders to be granted to prevent Mixi processing acceptances under the last offer until the panel reaches its findings about problems around its own proposal for Pointsbet.
Image credit: PB
Postsbet directors approve the offer of Mixi ‘Final’, but Betr Lanza Regulatory Challenge first appeared in Readwrite.
