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Australian gambling business PointsBet has actually validated it is declining a proposal from betting operator Betr to purchase 80.1% of its shares. Instead, PointsBet will accept a deal from social networks service provider MIXI.

- PointsBet has actually declined a Betr takeover and instead signed an agreement with MIXI Inc.

• Betr offered to buy PointsBet shares at AU$ 1.20 each, but with 57% money and 43% scrip
• MIXI provided to buy each PointsBet share at AU$ 1.20 in money
  
  The Betr proposal planned to buy 80.1% of PointsBet shares that the business does not already hold, matching PointsBet's evaluation of AU$ 1.20 per share. However, the Betr proposition used to pay that worth in 57% cash and 43% scrip.
  
  According to PointsBet, 43% of the share value was directly connected to the worth of Betr shares. During its due diligence, PointsBet assessed the value this would supply shareholders, which peaked at AU$ 1.14 per share but fell as low as AU$ 1.04 per share.
  
  However, while this was PointsBet's main assessment, the business likewise took a longer-term view throughout its due diligence. This discovered that Betr's cost synergies were overstated and that integration with PointsBet's Canadian operations was likely to show difficult.
  
  "The due diligence examinations undertaken by PointsBet strengthen the view of the PointsBet Board that the worth of the Betr proposition is materially listed below the AU$ 1.20 in money per PointsBet being used by MIXI Australia," stated the PointsBet release.
  
  Long PointsBet acquisition talks pertain to an end
  
  It's been a number of months considering that reports of an acquisition of PointsBet first appeared. Fanatics closed its acquisitions of PointsBet's U.S. operations in April 2024, paying $225 million to claim PointsBet's licensing infrastructure throughout the country. Fanatics used this to release Fanatics Sportsbook.
  
  PointsBet provided a "Response to Media Speculation" in November 2024, turning down a report that it underwent an AU$ 300 million takeover bid.
  
  However, in 2025, the company started assessing several bids. In February, the PointsBet Board leaned towards an acquisition by BlueBet, which offered around AU$ 240 million and AU$ 260 million. Other contenders included MIXI and Betr.
  
  Betr increased its deal for 80.1% of PointsBet in May to around AU$ 360 million, with the business already holding a 19.9% stake. After PointsBet verified it was thinking about Betr's proposition in May and June, the most recent news will come as a blow to Betr, with PointsBet favoring MIXI's offer.