BlueBet Offers to Buy PointsBet in Deal Valued at Up to AU$360 Million

MT Newswires Live2025-02-26

BlueBet Holdings(ASX:BBT) offered to acquire PointsBet Holdings (ASX:PBH) by way of a scheme of arrangement on the terms presented in a non-binding indicative offer on Feb. 18, according to a Wednesday Australian bourse filing.

The offer has a combined equity value of AU$340 million to AU$360 million through a cash pool of AU$240 million to AU$260 million, scrip consideration of AU$100 to AU$120 million, and with identified synergies expected to be at least AU$40 million anually, the filing said.

BlueBet's shares were down past 1% in recent Wednesday trade. PointsBet's shares jumped 30%, earlier reaching their highest since September 2023.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2514027455?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-26 09:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2514027455","market":"sg","top_or_hot":-1,"title":"BlueBet Offers to Buy PointsBet in Deal Valued at Up to AU$360 Million","media":"MT Newswires Live","content":"<html><body><p> BlueBet Holdings(ASX:BBT) offered to acquire PointsBet Holdings (ASX:PBH) by way of a scheme of arrangement on the terms presented in a non-binding indicative offer on Feb. 18, according to a Wednesday Australian bourse filing.</p><p>The offer has a combined equity value of AU$340 million to AU$360 million through a cash pool of AU$240 million to AU$260 million, scrip consideration of AU$100 to AU$120 million, and with identified synergies expected to be at least AU$40 million anually, the filing said.</p><p>BlueBet's shares were down past 1% in recent Wednesday trade. PointsBet's shares jumped 30%, earlier reaching their highest since September 2023.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlueBet Offers to Buy PointsBet in Deal Valued at Up to AU$360 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlueBet Offers to Buy PointsBet in Deal Valued at Up to AU$360 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-02-26 09:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> BlueBet Holdings(ASX:BBT) offered to acquire PointsBet Holdings (ASX:PBH) by way of a scheme of arrangement on the terms presented in a non-binding indicative offer on Feb. 18, according to a Wednesday Australian bourse filing.</p><p>The offer has a combined equity value of AU$340 million to AU$360 million through a cash pool of AU$240 million to AU$260 million, scrip consideration of AU$100 to AU$120 million, and with identified synergies expected to be at least AU$40 million anually, the filing said.</p><p>BlueBet's shares were down past 1% in recent Wednesday trade. PointsBet's shares jumped 30%, earlier reaching their highest since September 2023.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PBH.AU","symbol_name":"POINTSBET HOLDINGS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2514027455","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514027455","pubTimestamp":1740534549,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"BlueBet Holdings offered to acquire PointsBet Holdings  by way of a scheme of arrangement on the terms presented in a non-binding indicative offer on Feb. 18, according to a Wednesday Australian bourse filing.The offer has a combined equity value of AU$340 million to AU$360 million through a cash pool of AU$240 million to AU$260 million, scrip consideration of AU$100 to AU$120 million, and with identified synergies expected to be at least AU$40 million anually, the filing said.BlueBet's shares were down past 1% in recent Wednesday trade. PointsBet's shares jumped 30%, earlier reaching their highest since September 2023.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBH.AU":"POINTSBET HOLDINGS LTD","BK7078":"赌场与赌博","BBT.AU":"Betr Entertainment Ltd"},"translate_title":"BlueBet提出收购PointsBet，交易价值高达3.6亿澳元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBT.AU":0.9,"PBH.AU":0.9},"content_text":"BlueBet Holdings(ASX:BBT) offered to acquire PointsBet Holdings (ASX:PBH) by way of a scheme of arrangement on the terms presented in a non-binding indicative offer on Feb. 18, according to a Wednesday Australian bourse filing.The offer has a combined equity value of AU$340 million to AU$360 million through a cash pool of AU$240 million to AU$260 million, scrip consideration of AU$100 to AU$120 million, and with identified synergies expected to be at least AU$40 million anually, the filing said.BlueBet's shares were down past 1% in recent Wednesday trade. PointsBet's shares jumped 30%, earlier reaching their highest since September 2023.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2514027455","isCrawlerRequest":true}