Matthew Tripp’s Betr has bought nearly 20 per cent of its bookmaker rival PointsBet, throwing a major curveball in Japanese entertainment giant Mixi’s attempted takeover of the company.
Betr, formerly known as BlueBet, has been trying to thwart a deal with Mixi since PointsBet announced the $353 million board-endorsed bid in late February. It told the market late on Monday it had bought more than 66 million shares in PointsBet.
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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
