PointsBet accepts $220M takeover bid from MIXI Inc.
Key Takeaways
PointsBet has accepted a takeover offer from Japanese technology company MIXI Inc. worth USD 220 million. Shareholders are set to receive USD 1.06 per share. Shareholder approval is required. Previously, there was a competing offer from BlueBet. At the same time, PointsBet released its financial figures for the first half of the 2025 fiscal year, showing 18% growth in the Canadian market.
Details of the Takeover
PointsBet Holdings Ltd. has announced that the company is accepting the takeover offer from MIXI Inc. Shareholders will receive USD 1.06 per share, amounting to a total value of USD 220 million. The takeover is subject to shareholder approval.
CEO San Swanell stated that MIXI’s offer provides an attractive opportunity for shareholders to realize immediate and secure cash value. The price is above recent stock prices and reflects a strong implied EBITDA model for the 2025 fiscal year.
Competing Offer from BlueBet
On February 18, PointsBet received a competing offer from BlueBet. This offer ranged between USD 212 million and USD 225 million. However, the offer was not fully financed and depended on raising USD 100 million in capital.
The PointsBet board reviewed the offer with the support of financial and legal advisors. It concluded that the BlueBet offer could not be considered superior to the MIXI offer.
Economic Development in Canada
Alongside the takeover, PointsBet released its financial figures for the first half of the 2025 fiscal year. Total revenue in Canada from sports betting and iGaming increased by 18% to CAD 16.5 million.
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Sports betting volume reached CAD 152.4 million, a 45% increase compared to the previous year. In the iGaming segment, the volume was CAD 487.2 million, reflecting a 39% growth.
Our Assessment
The takeover of PointsBet by MIXI highlights the growing interest of Asian technology companies in the gambling industry. The board’s decision to accept MIXI’s offer is based on financial security and immediate payout to shareholders.
PointsBet’s growth in Canada confirms the increasing importance of the sports betting and iGaming market. The coming months will reveal how the integration with MIXI progresses and what strategic decisions will be made for the future.
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