Pointsbet's $400m scheme-meeting blow-up looks like a fat-finger farce
Bad blood, big egos and apparent user error have turned the contested takeover of ASX-listed bookmaker Pointsbet into a $400 million farce.
Somehow, despite making legally binding 'truth in takeovers' statements – which require market participants to be accountable for their public statements made during a takeover bid – plucky rival Betr did not vote against a rival $1.20 a share bid, notionally sending the business into the arms of Japanese mobile games company Mixi.
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