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PointsBet Holdings ( (AU:PBH) ) has issued an update.
betr Entertainment Limited has concluded its off-market takeover bid for PointsBet Holdings Limited, acquiring a 27.72% voting power in PointsBet. This acquisition allows betr to influence shareholder interests and engage constructively with PointsBet’s board on value creation. As a result of the offer, betr will issue approximately 132.74 million new shares to PointsBet shareholders. Following the approval of a Selective Buy-Back by betr shareholders, the company will proceed with this initiative, opening on 2 October 2025.
The most recent analyst rating on (AU:PBH) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on PointsBet Holdings stock, see the AU:PBH Stock Forecast page.
More about PointsBet Holdings
betr Entertainment Limited is a pure-play digital wagering operator listed on the Australian Securities Exchange (ASX), focusing solely on the Australian wagering market. The company is led by a world-class board featuring prominent Australian wagering industry figures Matthew Tripp and Michael Sullivan, supported by a highly experienced management team.
Average Trading Volume: 1,298,239
Technical Sentiment Signal: Buy
Current Market Cap: A$411.9M
For an in-depth examination of PBH stock, go to TipRanks’ Overview page.