MIXI Australia Seizes Control of PointsBet with Final $1.25 Offer – What’s Next?
MIXI Australia confirms its final $1.25 per share offer for PointsBet, now holding a majority stake and closing the bid on 12 September 2025. Shareholders face a decisive moment as the offer will not be extended or increased.
- MIXI Australia holds 51.86% controlling interest in PointsBet
- Offer price fixed at $1.25 per share, no extensions or increases
- PointsBet becomes a MIXI Australia subsidiary
- Restrictions on further share acquisitions post-offer
- MIXI to oppose competitor betr’s board representation efforts
MIXI Australia Takes Control
MIXI Australia Pty Ltd has officially crossed the threshold to control PointsBet Holdings Limited, acquiring a 51.86% stake as of early September 2025. This milestone transforms PointsBet into a subsidiary under MIXI’s umbrella, marking a significant shift in ownership within the online betting sector.
The takeover bid, launched earlier this year, has now reached its final stage. MIXI Australia has declared its offer price of $1.25 per PointsBet share as final, with no plans to increase or extend the offer beyond the 12 September 2025 deadline. This firm stance urges shareholders to act promptly if they wish to capitalise on the offer.
Implications for Shareholders and Market
Shareholders who delay acceptance risk missing out, as MIXI Australia will cease on-market purchases after the offer closes and will be restricted by law from acquiring additional shares for at least six months. The company also warns that if the offer lapses without a superior proposal, PointsBet’s share price may decline in the short term.
Meanwhile, MIXI Australia has made clear it will not collaborate with rival bidder betr, who currently holds around 20.45% of PointsBet shares and has rejected MIXI’s offer. MIXI plans to vote against any attempts by betr to gain board representation, citing betr’s status as a competitor and potential conflicts of interest.
Board Representation and Future Governance
PointsBet’s board has indicated it will offer MIXI representation proportional to its majority shareholding, a move MIXI intends to accept. This development signals a consolidation of control and influence over PointsBet’s strategic direction, potentially sidelining betr’s ambitions within the company’s governance.
However, betr’s proposed selective buy-back of shares remains uncertain, pending shareholder approval later this month. The outcome could affect the balance of power and the valuation of PointsBet shares, adding an element of unpredictability to the post-offer landscape.
Next Steps for Shareholders
PointsBet shareholders are encouraged to accept the offer before the 7, 00pm Melbourne time deadline on 12 September 2025. Acceptance can be completed via physical forms, online portals, or through stockbrokers. MIXI Australia has provided multiple channels to facilitate this process, underscoring the urgency and finality of the offer.
As the bid closes, market participants will be closely watching the acceptance rates and any potential moves by betr or other parties. The outcome will shape PointsBet’s future ownership structure and strategic trajectory in the competitive online gambling market.
Bottom Line?
With control secured and no offer extension, PointsBet shareholders face a pivotal decision as the takeover clock ticks down.
Questions in the middle?
- Will betr’s selective buy-back proposal gain shareholder approval and alter the ownership balance?
- How will PointsBet’s share price react post-offer if a significant minority rejects the bid?
- Could a new competing bid emerge before or after the offer closes?
