![\"MIXI](\"https:\/\/readwrite.com\/wp-content\/uploads\/2025\/08\/mxpts-300x169.jpg\")
<\/div>\nMIXI Australia appears to be closing in on its takeover of PointsBet with the offer now confirmed as wholly unconditional.\u00a0<\/span><\/p>\n MIXI currently holds 36.71% of voting rights in the Australian betting company, with the subsidiary of MIXI Inc set to pay AU$1.25 (US$0.82) per share if the transaction goes ahead.<\/span><\/p>\n The offer period runs through August 25, in a potential deal that will reverberate around the wider sports betting industry due to its significance.<\/span><\/p>\n An official communication<\/a> to the Market Announcements Office on Monday stated that, \u201cThe PointsBet Board unanimously recommends that PointsBet Shareholders ACCEPT the MIXI Takeover Offer, in the absence of a superior proposal.\u201d<\/span><\/p>\n MIXI\u2019s prospects are increased after PointsBet urged shareholders on August 19 to \u201ctake no action\u201d on the rival bid from betr entertainment, which currently holds a 19.6% stake in PointsBet.<\/span><\/p>\n This came after the selling entity welcomed the \u201cgreatly improved disclosure\u201d from betr on the risks and uncertainties terms of its proposal.\u00a0<\/span><\/p>\n Betr\u2019s all-scrip takeover offer values PointsBet at around AUS$1.25 to $1.35 per share, dependent on betr\u2019s trading price at a ratio of 4.219 of its shares for each belonging to PointsBet.\u00a0<\/span><\/p>\n The offer will close on September 22, unless extended, but all signs point to MIXI closing a deal.\u00a0<\/span><\/p>\n Their chances have increased further after the Takeovers Panel of the Australian Government dismissed betr\u2019s complaint<\/a> that MIXI had initiated and gained a timing advantage to engineer an uneven playing field.\u00a0<\/span><\/p>\n Betr\u2019s complaint asserted that MIXI had manipulated the process by declaring its own cash bid as unconditional, giving it a potential advantage over the betr proposal, which had not yet opened for acceptance.<\/span><\/p>\n Ultimately, the panel found no reasonable prospect of \u201cunacceptable circumstances\u201d.<\/span><\/p>\n The post MIXI Australia closing in on PointsBet takeover with wholly unconditional offer<\/a> appeared first on ReadWrite<\/a>.<\/p>\nTakeovers Panel rejects betr complaint<\/span><\/h2>\n