barstoolsports
GameStop, the renowned American video game, consumer electronics, and gaming merchandise retailer, is once again stealing the limelight, causing quite a stir in the financial world. The company, often likened to the Blockbuster business model of the 90s, has witnessed its stock price skyrocket by a staggering 200% in a mere two days. This remarkable resurgence is largely credited to the power of social media, specifically the Reddit community, and the involvement of high-profile investors like Dave Portnoy. Despite some critics labeling GameStop’s business model as outdated, the company’s rece...
Due
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...
ValueWalk
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