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The Australian company finalized its acquisition of PointsBet for US$430 million, giving the buyer 66.43% of the company’s voting power and effective control of the Melbourne-listed sportsbook. The offer closed on September 12, 2025, marking the end of a protracted pursuit.
The transaction followed MIXI’s AU$1.25 per share bid, an increase from earlier proposals that shareholders accepted as the superior path to certainty and funding. The stake-building and acceptances together delivered MIXI a decisive majority position.
Inside the bidding war with Betr
Competition intensified as rival Betr Entertainment amassed a near-20% stake and lodged counter-offers, arguing its cash-and-scrip proposal was superior. PointsBet’s board, however, consistently backed MIXI’s fully funded, all-cash approach.
Amid the tussle, MIXI declared its bid unconditional and raised the price, ultimately outmaneuvering Betr. By the close of the offer, MIXI’s holding had climbed to 66.43%, with market purchases in the final days cementing its majority.
Shareholder process, recount and what’s next
The path to closing included governance wrinkles: a vote recount after a proxy tabulation error, which reaffirmed broad shareholder support for MIXI’s proposal. Subsequent on-market buying further consolidated MIXI’s control.
With control secured, MIXI is expected to steer PointsBet through integration and growth initiatives, leveraging its majority position to pursue operational synergies and international expansion opportunities. Regulators, competitors, and investors will be watching how the new owner executes its strategy from here.
Source: https://igamingbrazil.com/en/bookmakers/2025/09/16/mixi-completes-acquisition-of-pointsbet-for-us430-million/
