A major PointsBet shareholder says it will reject a $353 million takeover offer by a Japanese entertainment giant, arguing an alternative proposal by a local rival, Matt Tripp’s BlueBet, is more compelling.
BlueBet, which last year merged with Betr and is now chaired by the wagering industry stalwart, said it had offered to acquire PointsBet in a cash and share deal but was rebuffed. The company made the disclosure shortly after PointsBet said it had agreed to sell itself to Mixi, which has a small bookmaking subsidiary in Australia known as betM.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
