The closing of the deal is the latest stage of an acquisition process that began in February 2020, when the Penn purchased a 36% stake in Barstool.
Today (17 February), Penn revealed that it has paid approximately $388m (£322.5m/€363m) for the remaining interest in the business, having exercised its option to acquire in August 2022.
Read the full story on iGB North America
Original article: https://igamingbusiness.com/strategy/ma/penn-entertainment-completes-acquisition-of-barstool-sports/
