Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
BlueBet Holdings Ltd. ( (AU:BBT) ) has provided an update.
PointsBet Holdings Limited, a company in the online betting industry, is currently facing a takeover bid situation. MIXI Australia Pty Ltd has successfully gained control over PointsBet by acquiring more than 50% of its voting power, effectively sidelining betr Entertainment Limited’s unsolicited scrip-based offer. MIXI Australia has stated its intention to maintain PointsBet as a competitor to betr in the online betting market and will not collaborate with betr, ensuring that betr has no influence on PointsBet’s board.
The most recent analyst rating on (AU:BBT) stock is a Buy with a A$0.46 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: 822,946
Technical Sentiment Signal: Sell
Current Market Cap: A$289.8M
See more insights into BBT stock on TipRanks’ Stock Analysis page.