MIXI Australia completed its AU$430-million (approximately C$387 million) all-cash off-market takeover of PointsBet on September 12, 2025. The transaction, initially announced on February 26, 2025, concluded with MIXI acquiring 66.43% of the Australian and Canadian online betting platform's shares. The deal marks the end of an extended and complex contested takeover battle with a competing bidder that began in 2024. Throughout the process, MIXI was consistently the bidder favoured by PointsBet management.

MIXI Australia is a wholly owned subsidiary of Tokyo-based MIXI, Inc. (TYO: 2121), a global enterprise operating in the sports, lifestyle and digital entertainment sectors, coupled with in-house investment businesses. The transaction significantly expands MIXI's presence in the gaming market, particularly in the Australian and Canadian regions.

Flagstaff Partners acted as financial adviser and Baker McKenzie acted as legal adviser to PointsBet. On all Canadian legal aspects of the transaction, Aird & Berlis served as counsel to MIXI. The team was led by Peter Czegledy and included Cathy Jares, Lynn Tay, and Tommy Newton (Corporate/Regulatory); Sean Mason (Capital Markets); Paige Backman (Privacy and Data Security); Stephen Zolf (Foreign Investment and Antitrust); Ken Clark (Intellectual Property); Dasha Peregoudova (Employment and Labour); and Saam Nainifard (Tax).