MIXI Australia Extends PointsBet Offer to August 29, Raises Price to $1.30
MIXI Australia has extended its takeover offer for PointsBet to August 29 and plans a final price increase to A$1.30 per share, contingent on securing 90% ownership.
- Offer period extended to 29 August 2025
- Final offer price increased from A$1.25 to A$1.30 per share
- Price increase conditional on acquiring at least 90% of PointsBet shares
- MIXI holds 37.12% relevant interest in PointsBet
- Offer funded from MIXI's cash reserves
Extension of Offer Period
MIXI Australia Pty Ltd, a subsidiary of Japanese tech firm MIXI, Inc, has officially extended its off-market takeover bid for PointsBet Holdings Limited. The new deadline for the offer is now 7 – 00pm Melbourne time on Friday, 29 August 2025. This extension signals MIXI’s continued commitment to securing control of the Australian online betting company, giving shareholders additional time to consider the offer.
Final Price Increase to $1.30 Per Share
Alongside the extension, MIXI Australia announced a "last and final" increase in its offer price from A$1.25 to A$1.30 per PointsBet share. However, this enhanced offer is conditional on MIXI acquiring a relevant interest in at least 90% of PointsBet shares before the offer closes. Achieving this threshold would allow MIXI to compulsorily acquire the remaining shares, effectively taking full ownership of PointsBet.
Importantly, all shareholders who have already accepted the offer will benefit from the increased price, regardless of when they accepted. MIXI plans to formalise the price increase promptly once the 90% ownership milestone is reached.
Current Ownership and Funding
As of 20 August 2025, MIXI Australia and its associates hold a 37.12% relevant interest in PointsBet, representing a significant but not yet controlling stake. The total cash outlay for acquiring all 336.8 million PointsBet shares at the increased price would be approximately A$438 million, excluding transaction costs. MIXI has confirmed it will fund this from its existing cash reserves, underscoring the financial readiness behind the bid.
Next Steps for Shareholders
PointsBet shareholders have until the extended deadline to accept the offer, with clear instructions provided on how to do so via acceptance forms, online portals, or through stockbrokers. MIXI has also stated there will be no further extensions beyond this date unless legally required, adding a sense of finality to the process.
The move to increase the offer price and extend the deadline reflects MIXI’s strategic intent to consolidate its position in the competitive online gambling market by fully acquiring PointsBet. The coming days will be critical in determining whether MIXI can cross the 90% ownership threshold and complete the takeover.
Bottom Line?
MIXI’s final price hike and deadline extension set the stage for a decisive conclusion to the PointsBet takeover battle.
Questions in the middle?
- Will MIXI Australia reach the 90% ownership threshold to trigger compulsory acquisition?
- How will PointsBet shareholders respond to the increased offer price?
- Are there any competing bids or regulatory hurdles that could impact the takeover?
