{"id":777028309,"date":"2025-06-26T13:04:37","date_gmt":"2025-06-26T16:04:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028309"},"modified":"2026-04-21T21:31:38","modified_gmt":"2026-04-22T00:31:38","slug":"mixi-makesnew-offer-for-pointsbet-after-betr-forces-recount","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mixi-makesnew-offer-for-pointsbet-after-betr-forces-recount","title":{"rendered":"MIXI makes new offer for PointsBet after Betr forces recount"},"content":{"rendered":"\n

A recount invalidated initial shareholder approval of the MIXI deal.<\/p>\n\n\n\n\n\n\n\n

Australia.- Earlier this week, PointsBet announced that shareholders had approved a deal under which MIXI would acquire the company at AU$1.20 (US$ 0.77) per share in cash. However, Betr, which holds a 19.9 per cent stake and had made its own bid, challenged the results, alleging that its proxy vote had been excluded without justification.<\/p>\n\n\n\n

PointsBet initially dismissed the claims, asserting that a senior Betr officer had revoked the proxy during the meeting, but it has now conceded that a Computershare system error had excluded Betr\u2019s vote. The corrected tally reveals that MIXI\u2019s proposal failed to meet the required shareholder majority, with only 70.48 per cent voting in favour.<\/p>\n\n\n\n

MIXI has returned with an amended, off-market proposal offering the same AU$1.20 per share under simplified conditions. It says it still holds the board\u2019s support and is preparing a bidder\u2019s statement.<\/p>\n\n\n\n

Meanwhile, Betr continues to criticise PointsBet\u2019s handling of the process<\/a>, calling it a \u201cfailure of appropriate governance\u201d. Betr’s offer, which equates to approximately AU$1.22 (US$ 0.79) per share in company stock, was previously rejected as being of lower value and higher risk.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> PointsBet rejects Betr bid in favour of MIXI Australia<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

A recount invalidated initial shareholder approval of the MIXI deal.<\/p>\n","protected":false},"author":680,"featured_media":6857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A system error at PointsBet led to the invalidation of initial shareholder approval for MIXI's acquisition bid, as a significant proxy vote from Betr was excluded. MIXI has since submitted an amended off-market proposal at the same AU$1.20 per share, while Betr continues to criticize PointsBet's governance framework.","focusai_entities":"PointsBet, MIXI, Betr, Computershare","focusai_location":"Australia","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.9), operator_casino (1.0), tech_data (0.7), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"PointsBet Governance Failures?","query":"What are the specific governance failures at PointsBet that Betr is citing, and what are the potential ramifications for the board and future M&A processes?"},{"label":"MIXI Amended Proposal Impact?","query":"How does MIXI's amended off-market proposal mitigate the risks associated with the initial failed shareholder vote, and what are the implications for its valuation and deal certainty?"}],"footnotes":""},"categories":[16336,157],"tags":[289,24810,24792],"class_list":["post-777028309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-australia","tag-betr-entertainment","tag-pointsbet"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028309"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028309\/revisions"}],"predecessor-version":[{"id":777028353,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028309\/revisions\/777028353"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6857"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}