Penn Entertainment Announces Deal To Acquire The Rest Of Barstool Sports
Penn National Gaming, which rebranded itself to become PENN Entertainment Inc (NASDAQ:PENN), has announced plans to acquire 100% of Barstool Sports. The company has call rights on all of Barstool’s outstanding shares of common stock and has exercised those call rights to purchase 100% of the company. Q2 2022 hedge fund letters, conferences and more Penn Entertainment To Purchase All Of Barstool SportsPenn paid $161.2 million to purchase 36% of Barstool Sports' common shares in February 2020. The company announced plans to pay another $62 million to boost its ownership to 50% of Barstool Sports...