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betr Proposes $360M PointsBet Takeover with $130M Equity Raise and $40M Synergies
5:58am on Monday 2nd of June, 2025 AEST
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Gambling & Betting
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betr Proposes $360M PointsBet Takeover with $130M Equity Raise and $40M Synergies
5:58am on Monday 2nd of June, 2025 AEST
Key Points
betr proposes $360 million acquisition of PointsBet via scheme arrangement
Funding secured through $130 million fully underwritten equity raise and NAB debt facility
$40 million annual cost synergies expected from brand and technology consolidation
betr holds 19.9% stake in PointsBet and opposes rival MIXI proposal
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