Mixi Gains Majority Control in PointsBet with 66.4% Voting Power
Mixi Australia, a subsidiary of Japan’s Mixi Inc., has officially completed its off-market takeover of PointsBet Holdings Limited, increasing its voting power to 66.43%. This move solidifies Mixi’s position as the controlling shareholder, while rival bids from Betr fade into the background.
Key Highlights
- Mixi’s stake grew from 61.59% to 66.43%.
- The company secured an additional 16.8 million shares.
- Purchases were executed at AU$1.25 (US$0.83) per share, both on-market and through takeover acceptances.
- Acquisitions between 10–12 September 2025 will settle on a T+2 basis.
The End of the Bidding War
For much of 2025, PointsBet was the center of a heated takeover contest between Mixi and Betr. However, an independent expert’s supplementary report recently concluded that Betr’s selective buy-back proposal was not entirely fair, despite being reasonable in certain aspects. By contrast, Mixi’s all-cash AU$1.25 per share offer was viewed as providing far greater certainty to shareholders.
What It Means for PointsBet
With Mixi securing majority control, the company will now take the lead in strategic decision-making and corporate governance at PointsBet. The development marks a major turning point in the ongoing consolidation of Australia’s online betting industry.
