Penn Entertainment acquires rest of Barstool Sports for $388 million

Back in January 2020, casino company Penn Entertainment purchased a minority stake (around 36 percent) in Barstool Sports for $135 million in cash and $28 million in stock. That deal came with a commitment for Penn to increase its stake to 50 percent in 2023, and with options for them to buy…#pennentertainment #barstoolsports #barstool #pennentertainmentinc #barstoolsportsinc #jaysnowden #thescores #barstoolsportsbook #daveportnoy #stoolies

Source: Reuters: Health - February 18, 2023 Category: Consumer Health News Source Type: news