Highlights
  • ASX200 is trading just 5.7 points down at 7173.8 at midday.
  • BetMakers plunges on Tabcorp $4bn takeover bid.
  • Accent Group acquires Glue Store & Next Athleisure for $13m.

The tech sector is taking a hit today as Nuix plummets more than 18% after the software company downgraded its profit forecast for FY2021 again. Link Administration is also trading 4.5% lower and Computershare is currently down 3.5%.

The Australian market soared to 7200 at open but has since retreated to trade 5.7 points lower at 7173.80 at midday as losses among Energy stocks weigh down the key index.

Bitcoin is trading 1.71% higher in the last 24-hours at US$34,701.83 at 12:12pm AEST.

Wagering software giant BetMakers continues to slide today as investors sell out of its shares following a $4bn takeover bid offer to Tabcorp for its Wagering and Media business. BetMakers stated the acquisition would see Tabcorp?s customers transformed for the benefit of punters and to improve the funding of Australian racing.

Making headlines, leading digital integrated retail distribution company Accent Group has successfully acquired Glue retail store and distribution brands business Next Athleisure for $13m. Under the deal, Next Athleisure will become a new division within Accent?s Lifestyle brand.

And Apple?s paid podcast subscription service is being pushed back to launch in June as the tech giant says it?s working to ensure it?ll ?deliver the best experience for creators and listeners?.