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BlueBet Holdings Ltd. ( (AU:BBT) ) has issued an update.
Betr Entertainment Limited has announced an update regarding its off-market takeover offer for PointsBet Holdings Limited. The company has decided to free the offer from the ‘PointsBet Employee Incentives Condition,’ which could potentially streamline the acquisition process. This move indicates Betr Entertainment’s strategic efforts to consolidate its position in the market by acquiring a significant stake in PointsBet, where it already holds a 19.1% voting power.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.42 price target. To see the full list of analyst forecasts on BlueBet Holdings Ltd. stock, see the AU:BBT Stock Forecast page.
More about BlueBet Holdings Ltd.
Average Trading Volume: 879,991
Technical Sentiment Signal: Sell
Current Market Cap: A$307.7M
See more insights into BBT stock on TipRanks’ Stock Analysis page.