E Point Perfect – Interesting and beneficial content

Penn Entertainment Announces Plans to Buy Barstool Sports


Berks County-based company Penn Entertainment has been in limelight for its announcements since it changed its name from Penn National Gaming to Penn Entertainment along with its business strategies.

Jay Snowden CEO of the casino firm Penn Entertainment revealed the plans for the purchase of Barstool Sports earlier this year mentioning the deal to be closed by February 2023. The company’s announcement of purchasing 100% shares of Barstool Sports confirms the acceleration of the plan.

The company had already purchased 36% of Barstool Sports common stocks in February 2020. It was offered $450 million by Penn Entertainment for the purchase of 100% of its ownership. Penn Entertainment having call rights has exercised them to bring its ownership of Barstool.


Source link

Related posts

Lee Belzberg: Revolutionizing the At-Home Fitness Experience

5 Most Important Steps To Growing a Successful Accounting Practice

AMD Announces ‘World’s Fastest’ Ryzen 7000 Processors, Coming on Sept 27

Dave Ulrich:  Creating Value Through Human Capability

Micron Declares $40 Billion Investment in Chip-Making Business

How to Establish a Collaborative Sales and Operations Planning (S&Op) Process

Wilder Armani