betr Entertainment Limited (ASX:BBT) Announces Unconditional Takeover Bid for PointsBet Holdings (ASX:PBH)
Unconditional Offer
betr Entertainment Limited (ASX:BBT) has announced that its off-market takeover bid to acquire all shares in PointsBet Holdings Limited (ASX:PBH) is now unconditional. The Offer and related contracts are free from all defeating conditions, making the takeover bid irrevocable.
Shareholding Update
As of 19 September 2025, betr held a 20.6% interest in PointsBet Shares. With the acceptance instructions for an additional 6.52%, betr’s total holding will reach 27.12% of PointsBet Shares on issue.
Offer Closing
The takeover offer is set to close at 7:00pm Sydney time on Thursday, 25 September 2025, with no extensions planned.
Statement Lodged
betr has lodged the Fifth Supplementary Bidder’s Statement with the Australian Securities and Investments Commission (ASIC). The statement supplements previous bidder’s statements and is considered an important document for stakeholders.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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