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BlueBet Holdings Ltd. ( (AU:BBT) ) just unveiled an announcement.
PointsBet Holdings Ltd. has received a confidential acquisition proposal from Betr Entertainment Ltd., which includes a $130 million equity raise. The PointsBet Board is currently evaluating the proposal with the help of external advisers and has sought further clarifications from Betr. Meanwhile, the Board continues to recommend the existing scheme with MIXI Australia Pty Ltd., unless a superior proposal emerges.
More about BlueBet Holdings Ltd.
PointsBet is a corporate bookmaker listed on the Australian Securities Exchange, operating in Australia and Canada. The company offers innovative sports and racing wagering products and iGaming through a scalable cloud-based platform.
YTD Price Performance: 6.67%
Average Trading Volume: 435,750
Technical Sentiment Signal: Hold
Current Market Cap: A$198.1M
For a thorough assessment of BBT stock, go to TipRanks’ Stock Analysis page.