MIXI Raises Offer, Makes PointsBet Takeover Unconditional

MT Newswires Live

08/08

MIXI (TYO:2121) has raised its takeover offer for Australia-listed PointsBet Holdings to AU$1.25 per share, valuing the deal at up to AU$421 million (42.1 billion yen), according to a Friday filing on the Tokyo Stock Exchange.

Through its wholly owned subsidiary MIXI Australi, the company also waived the 50.1% minimum acceptance condition, declaring the offer unconditional.

MIXI will proceed with the purchase of shares from PointsBet investors who have accepted the bid.

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