PointsBet board backs MIXI takeover as bid nears close

PointsBet Holdings Limited's board continues to unanimously recommend that shareholders accept MIXI Australia Pty Ltd's unconditional cash offer of AUD 1.25 per share, with the offer period closing on Friday, 29 August 2025. MIXI Australia has stated it will use best endeavors to pay shareholders within 10 business days of acceptance and has reaffirmed that the AUD 1.25 offer price will not increase. No further extensions to the offer period will occur unless legally required.

As of 28 August 2025, MIXI Australia holds a relevant interest in 46.72% of PointsBet shares and has confirmed it will not accept betr’s revised all-scrip offer. This stance by MIXI Australia means that betr will likely be unable to achieve full control of PointsBet, potentially limiting any estimated synergies for betr shareholders.

The PointsBet board has also unanimously recommended that shareholders reject betr’s revised, unsolicited all-scrip offer of 4.375 betr shares for every PointsBet share by taking no action. This decision follows betr's increased offer consideration and its continued reliance on shareholder approval for its selective buy-back, which remains conditional.