PointsBet Receives Enhanced Acquisition Proposal from MIXI

The latest update is out from PointsBet Holdings ( (AU:PBH) ).

PointsBet Holdings Limited has received an improved acquisition proposal from MIXI, Inc., increasing the cash consideration for its shares by 13.2% to $1.20 per share. This proposal, which is not subject to financing, represents a premium over previous valuations and implies an enterprise value of $402 million. If the scheme is not approved, MIXI is considering an alternative off-market takeover bid with similar terms. The scheme meeting has been postponed to 25 June 2025, with a revised timetable for the acquisition process.

The most recent analyst rating on (AU:PBH) stock is a Buy with a A$0.83 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

PointsBet Holdings Limited operates in the sports betting and gaming industry, offering online and mobile sports wagering products and services. The company focuses on providing innovative betting solutions and has a significant presence in the Australian and international markets.

Average Trading Volume: 1,247,270

Technical Sentiment Signal: Buy

Current Market Cap: A$359.9M

See more insights into PBH stock on TipRanks’ Stock Analysis page.