Mixi Australia Pty Ltd (Mixi) has received the green light from the nation’s regulators to take care of Pointsbet.
This is a possible end of the saga of months that was fiercely disputed between Mixi and rival Betr Entertainment (Betr). The first has reached the top, revealing that they have obtained the approval of the Australian Foreign Investment Review Board (FIRB) to move in the actions of Pointsbet.
MIXI ensures the green light for Pointsbet
As we reported, there has been a long history in the acquisition of Pointsbet, and those who are in the race occupied the first place several times. At the beginning of 2025, Betr seemed to have the advantage in the conversations of shares. Even so, Mixi became the favorite of the Board of Directors shortly after Pontsbet questioned the offer of the other game operator’s offer.
Both parties are already minority shareholders in Pointsbet, and Betr has around 19.6%, compared to 9.15%of Mixi.
However, Mixi’s initial offer had a lower shareholder acceptance threshold and led the company, in the form of a previous agreement, ensuring 17.18% of the shares. These were agreed on the holdings of directors and agreements prior to the tender of institutional holders.
Betr makes an improved offer
This changed the course in favor of Mixi about Betr, which forced the company that now outside the favorite to increase its acquisition offer. Betr revealed that his offer would be equivalent to $ 1.35 per share, since he issued a statement about the offer in a last attempt to influence those interested to change their minds.
“The improved offer is higher than the Mixi offer of $ 1.20 in cash per point action,” Betr said in the financial statement. “Betr continues to firmly believing in the justification of the combination and that we can create a material value for points of points and Betr integrating these two businesses, which allows us to increase our participation in the Australian betting market.”
FIRB Backs Mixi
Mixi has revealed that the approval (FIRB) the green lights of the company Backpack Shares update.
“Mixi Australia has been notified today by the Foreign Investment Review Board (FIRB) that the Commonwealth does not have any objection to the acquisition proposed by Mixi Australia of up to 100% interest at points at points through an acquisition offer outside the market and other related methods according to what is allowed in the 2001 corporation law (CTH) (ACT of corporations) Read the company’s statement.
Then, the saga has come to an end, and now Mixi, which fails any objection by Pointsbet, will get the keys to the company’s betting kingdom.
Outstanding image: Mixi officer.
The Mixi publication receives approval to acquire points points first appeared in Readwrite.
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