PointsBet Holdings Ltd. ( (AU:PBH) ) just unveiled an update.
BlueBet Holdings Ltd has made a non-binding offer to acquire PointsBet Holdings Ltd, valued at $340-$360 million, with the potential to unlock $40 million in annual synergies. This acquisition is expected to provide strategic and financial benefits, including increased scale and access to key technology assets, which aligns with BlueBet’s growth ambitions. The offer includes a mix of cash and scrip consideration, with BlueBet securing necessary equity funding and expressing confidence in completing due diligence swiftly.
More about PointsBet Holdings Ltd.
BlueBet Holdings Ltd is an online wagering provider listed on the Australian Securities Exchange, operating primarily in Australia. The company utilizes a scalable proprietary cloud-based technology platform, which can also be offered as a white-label solution for B2B partners. BlueBet focuses on delivering a premium mobile user experience and has recently merged with betr, enhancing its presence in the Australian online wagering market.
YTD Price Performance: -10.08%
Average Trading Volume: 2,778
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $186.2M
Learn more about PBH stock on TipRanks’ Stock Analysis page.