Mixi extends PointsBet takeover, Australia unit now a specified subsidiary

Mixi Australia Pty Ltd, a wholly-owned subsidiary of Mixi Inc., has extended its takeover bid for PointsBet Holdings Limited until September 12, 2025. This extension follows Mixi Australia receiving acceptances for over 50% of PointsBet's issued ordinary shares. The acquisition process is proceeding in accordance with Australian laws and regulations.

In connection with the share acquisition, Mixi increased the capital of Mixi Australia. This increase resulted in Mixi Australia's share capital exceeding 10% of Mixi Inc.'s capital, thereby elevating its status to a specified subsidiary. Mixi Australia, incorporated on October 10, 2024, has a share capital of AUD 115,155,000 and is 100% owned by Mixi Inc.

Mixi will disclose the full impact of the share acquisition on its business performance and financial position once clearer details emerge. Four directors have been dispatched from Mixi to Mixi Australia.