Mixi Australia, a wholly owned subsidiary of Japan-based Mixi, has strengthened its control over PointsBet Holdings Limited. This follows completing its off-market takeover bid.
Majority Stake in PointsBet
By the close of the offer on 12 September 2025, Mixi lifted its voting power to 66.43%, up from 61.59%. The company achieved this by acquiring an additional 16.8 million shares.
The purchases included both on-market transactions at AU$1.25 (US$0.83) per share and acceptances under the terms of its July bidder’s statement. Settlement for trades between 10 and 12 September will be finalised on a T+2 basis.
Board Endorsement Over Rival Offer
The PointsBet board had earlier endorsed Mixi’s cash offer instead of the competing all-scrip proposal from Betr, which valued each PointsBet share at 4.375 Betr shares.
Independent experts also weighed in. In a supplementary report issued earlier this month, they concluded that parts of Betr’s selective buy-back proposal were “not fair, although reasonable.” However, the review reaffirmed that Mixi’s AU$1.25 cash bid offered greater certainty for shareholders.
Controlling Position Secured
With its majority stake now confirmed, Mixi holds a controlling interest in PointsBet. This outcome ensures the Japanese group will lead governance and set the company’s strategic direction.
The PointsBet board had urged shareholders to carefully consider both proposals. However, the greater certainty and stronger position ultimately gave Mixi the edge in this year-long takeover contest.
A Turning Point for PointsBet
This result marks a major shift in PointsBet’s ownership after months of competing bids. With Mixi now firmly in control, investors and industry watchers will closely monitor how the company reshapes the sportsbook operator’s long-term strategy.
