Majority Stake Secured: What MIXI Australia’s Control Means for PointsBet Investors
MIXI Australia has secured majority voting power in PointsBet, pushing the takeover offer deadline to mid-September and setting the stage for full control.
- MIXI Australia surpasses 50% voting power in PointsBet
- Takeover offer closing extended by 14 days to 12 September 2025
- PointsBet operates in Australia and Canada with a cloud-based wagering platform
- Regulatory compliance triggers automatic offer extension
- Potential for MIXI Australia to gain full ownership
MIXI Australia Achieves Majority Stake
In a significant development for the Australian corporate bookmaking sector, MIXI Australia Pty Ltd has increased its voting power in PointsBet Holdings Limited to over 50%. This milestone means MIXI Australia now holds majority control, a critical step in its ongoing takeover bid for the ASX-listed bookmaker.
Regulatory Impact and Offer Extension
Under the Corporations Act 2001, crossing the 50% voting power threshold triggers an automatic 14-day extension of the takeover offer. Consequently, the closing date for MIXI Australia's bid has been pushed back to 7.00pm Melbourne time on Friday, 12 September 2025. This extension provides additional time for remaining shareholders to consider the offer and for MIXI Australia to potentially increase its stake further.
PointsBet’s Market Position and Future Prospects
PointsBet operates a scalable cloud-based wagering platform, offering innovative sports and racing betting products across Australia and Canada. The company has carved out a niche with its technology-driven approach to iGaming, making it an attractive acquisition target. MIXI Australia's majority stake could pave the way for strategic shifts or expansion plans leveraging PointsBet's platform and market presence.
What This Means for Shareholders and the Market
For PointsBet shareholders, the increased voting power held by MIXI Australia signals a likely path toward full acquisition. The extended offer period may encourage more shareholders to accept the bid, potentially leading to a delisting or restructuring. Market watchers will be keen to see how PointsBet’s share price responds and whether MIXI Australia will push for complete ownership.
Looking Ahead
As the offer deadline approaches, all eyes will be on the acceptance rates and any competing bids that might emerge. The takeover’s outcome will have broader implications for the corporate bookmaking landscape in Australia and beyond.
Bottom Line?
MIXI Australia’s majority stake marks a turning point, but the final chapter of the takeover saga remains unwritten.
Questions in the middle?
- What percentage of total shares has MIXI Australia secured beyond the 50% threshold?
- Will any rival bidders emerge before the extended offer deadline?
- How will PointsBet’s operational strategy evolve under MIXI Australia’s control?
