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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