PointsBet Bid Tussle Still Has Long Way to Go -- Market Talk

Dow Jones

Jun 05, 2025

2338 GMT - The takeover tussle for PointsBet just got more interesting. MIXI Australia has raised its offer for PointsBet by 13% to A$1.20/share. Also, MIXI could make an off-market bid if it is unsuccessful with its Scheme Implementation Deed. MIXI's offer price now matches the all-cash bid by betr Entertainment. "The ball now appears to be in betr's court though the ability to increase its bid seems limited given funding constraints or limitations," Bell Potter analyst Chris Savage says. Betr owns 19.9% of PointsBet, which means MIXI is unlikely to succeed with the Scheme. This explains why MIXI is considering proceeding with an off-market offer if the Scheme is not approved, Bell Potter says. "Hence this may still have a way to play out," it adds. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 04, 2025 19:38 ET (23:38 GMT)

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MIXI Australia has raised its offer for PointsBet by 13% to A$1.20/share. Also, MIXI could make an off-market bid if it is unsuccessful with its Scheme Implementation Deed. MIXI's offer price now matches the all-cash bid by betr Entertainment. \"The ball now appears to be in betr's court though the ability to increase its bid seems limited given funding constraints or limitations,\" Bell Potter analyst Chris Savage says. Betr owns 19.9% of PointsBet, which means MIXI is unlikely to succeed with the Scheme. This explains why MIXI is considering proceeding with an off-market offer if the Scheme is not approved, Bell Potter says. \"Hence this may still have a way to play out,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2025 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PointsBet Bid Tussle Still Has Long Way to Go -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPointsBet Bid Tussle Still Has Long Way to Go -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-05 07:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2338 GMT - The takeover tussle for PointsBet just got more interesting. MIXI Australia has raised its offer for PointsBet by 13% to A$1.20/share. Also, MIXI could make an off-market bid if it is unsuccessful with its Scheme Implementation Deed. MIXI's offer price now matches the all-cash bid by betr Entertainment. \"The ball now appears to be in betr's court though the ability to increase its bid seems limited given funding constraints or limitations,\" Bell Potter analyst Chris Savage says. Betr owns 19.9% of PointsBet, which means MIXI is unlikely to succeed with the Scheme. This explains why MIXI is considering proceeding with an off-market offer if the Scheme is not approved, Bell Potter says. \"Hence this may still have a way to play out,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2025 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBH.AU","symbol_name":"POINTSBET HOLDINGS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2541097694","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541097694","pubTimestamp":1749080280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2338 GMT - The takeover tussle for PointsBet just got more interesting. MIXI Australia has raised its offer for PointsBet by 13% to A$1.20/share. Also, MIXI could make an off-market bid if it is unsuccessful with its Scheme Implementation Deed. MIXI's offer price now matches the all-cash bid by betr Entertainment. \"The ball now appears to be in betr's court though the ability to increase its bid seems limited given funding constraints or limitations,\" Bell Potter analyst Chris Savage says. Betr owns 19.9% of PointsBet, which means MIXI is unlikely to succeed with the Scheme. This explains why MIXI is considering proceeding with an off-market offer if the Scheme is not approved, Bell Potter says. \"Hence this may still have a way to play out,\" it adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBH.AU":"POINTSBET HOLDINGS LTD","BK7078":"赌场与赌博","BBT.AU":"Betr Entertainment Ltd"},"translate_title":"PointsBet竞购之争还有很长的路要走——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBT.AU":0.9,"PBH.AU":0.9},"content_text":"2338 GMT - The takeover tussle for PointsBet just got more interesting. MIXI Australia has raised its offer for PointsBet by 13% to A$1.20/share. Also, MIXI could make an off-market bid if it is unsuccessful with its Scheme Implementation Deed. MIXI's offer price now matches the all-cash bid by betr Entertainment. \"The ball now appears to be in betr's court though the ability to increase its bid seems limited given funding constraints or limitations,\" Bell Potter analyst Chris Savage says. Betr owns 19.9% of PointsBet, which means MIXI is unlikely to succeed with the Scheme. This explains why MIXI is considering proceeding with an off-market offer if the Scheme is not approved, Bell Potter says. \"Hence this may still have a way to play out,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2025 19:38 ET (23:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}