Japanese company Mixi has increased its takeover offer for Australian bookmaker PointsBet to A$402 million, raising the bid from a previous offer of A$353 million. The new proposal includes a scheme bid of A$1.20 per share and contemplates a non-scheme offer conditional on acquiring a minimum 50.1% stake if the scheme is not approved. This move is seen as a strategic tactic to challenge rival bidder BBT and avoid minority ownership issues with its Japanese co-parent. Meanwhile, Virgin Australia is preparing for a return to the Australian Securities Exchange (ASX) through an initial public offering (IPO) expected to raise around A$443 million. The IPO price is set at A$2.90 per share, with US private equity firm Bain Capital selling a 30% stake in the airline. Virgin Australia has also rewarded its staff with shares worth A$3,000 each for their loyalty during bankruptcy. Additionally, Vietnamese conglomerate Vingroup is seeking approximately $300 million in private credit to acquire KKR’s 38% stake in its education subsidiary Vinschool. Australian investment firm Permira is reportedly considering a listing for I-MED after a failed sale attempt.