Penn Entertainment To Acquire 100% of Barstool by 2023
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Penn Entertainment To Acquire 100% of Barstool by 2023

The $387 million deal will be complete by February 2023

by - Thursday, August 18th, 2022 8:22
penn barstool sports
Penn Entertainment To Acquire 100% of Barstool by 2023

In a filing released yesterday, Penn stated that it has exercised its call rights to purchase the remaining Barstool shares by February of 2023.

Penn Entertainment To Acquire 100% of Barstool by 2023 Penn Entertainment To Acquire 100% of Barstool by 2023 Penn Entertainment To Acquire 100% of Barstool by 2023

Penn CEO Jay Snowden previously said that the company had plans to take full ownership of Barstool Sports in early 2023 but that no moves would be made in 2022. However, today’s announcement means that this is now ahead of schedule.

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.