MIXI takes PointsBet holding beyond 60 per cent

MIXI’s offer for PointsBet has closed with the Japanese company taking its ownership of the Australian bookmaker beyond 60 per cent on the day the offer lapsed.

MIXI will confirm what its final shareholding of PointsBet will sit at after its $420 million-plus offer finishes at 7pm on Friday, but it still in a powerful position, announcing on Thursday that it had increased its shareholding by 8.5 per cent to 61.6 per cent.

Betr retains a 20 per cent shareholding but MIXI has said it won’t give the fellow corporate bookmaker a spot on the board and ruled out any further deals with the orchestrator of the hostile takeover.

MIXI already has a small presence in Australia through betM, but its controlling influence in PointsBet, which has over 5 per cent of the local digital market, makes it a much bigger player.