PointsBet Announces FIRB Approval for Takeover by Mixi

By Arijit Roul - 16 Jun, 2025 More about the author

PointsBet has secured approval from the Australian Commonwealth Government for its planned takeover by Mixi. This approval was given under the Foreign Acquisition and Takeovers Act 1975.
The company confirmed that Mixi will acquire 100% of PointsBet’s shares.
However, the deal still needs regulatory clearance from Ontario before it can be completed.

The operator received written confirmation from the government, stating that the proposed agreement meets all required standards. This development allows both companies to keep moving forward with their plans.

News of the Mixi takeover first appeared in November. During the last quarter of 2024, PointsBet denied reports about talks with any foreign companies. In February, the operator reversed its position and officially announced the Mixi acquisition plan. Mixi updated its offer last week, increasing the proposed purchase price from US$223.2 million to US$264 million. The higher offer aims to improve the likelihood of finalising the deal.

PointsBet Fined for Spam Violations amid Ongoing Merger Talks with Betr

PointsBet recently received a fine of AU$ 500,800, or US$326,687, for breaking spam and self-exclusion rules in Australia. According to the Australian Communications and Media Authority (ACMA), PointsBet sent more than 800 marketing messages in violation of national spam regulations between August and November 2023.

Betr has also joined the competition to purchase PointsBet. Last month, PointsBet started due diligence checks as it considered the proposed merger with Betr. Currently, with the latest government approval, the process now moves ahead, putting Mixi closer to completing the takeover. PointsBet itself has confirmed this important regulatory step.