PointsBet Holdings (ASX:PBH) recommended that shareholders vote in favor of the proposed acquisition by Japanese consumer technology firm MIXI's unit, MIXI Australia, under an all-cash deal valued at AU$1.06 per share, in the absence of a superior proposal and subject to an independent expert's assessment, according to a Thursday filing with the Australian bourse.

The offer represents a premium of 27.7% over PointsBet's closing price on Feb. 25, the filing said.

The deal is expected to close in June, pending shareholder approval at an extraordinary general meeting scheduled for June, the filing added.

PointsBet also does not intend to pursue BlueBet Holdings (ASX:BBT) proposal as it could not reasonably be characterized as "fully funded," and is not currently capable of acceptance by its shareholders, the company said.