Penn National Acquires 36% Stake in Barstool Sports
February 20, 2020
Penn National Gaming acquired a 36% minority interest in Barstool Sports for approximately $163 million, comprised of cash and convertible preferred stock. The deal makes Penn National Barstool's exclusive gaming partner with rights to use the Barstool brand for online and retail sports betting and positions the companies to roll out a Barstool-branded sportsbook and interactive products.
- Buyers
- Penn National Gaming
- Targets
- Barstool Sports
- Sellers
- The Chernin Group
- Industry
- Media & Entertainment
- Location
- New York, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
DreamSeat Acquires The Stadium Chair Company
August 1, 2023
Manufacturing
DreamSeat, a commercial stadium and arena seating specialist, has acquired The Stadium Chair Company effective August 1, 2023. The acquisition brings the Stadium Chair product line and its Lenexa, Kansas facility into DreamSeat’s portfolio to expand its seating and furnishings offerings for sports, education and corporate venues.
-
The Betsperts Group Acquires Bleacher Nation
January 4, 2023
Media & Entertainment
The Betsperts Group has acquired Bleacher Nation in a cash-plus-equity transaction, adding the Chicago-centric sports blog to its portfolio of sports betting and fantasy media properties. The deal expands Betsperts' audience reach and content capabilities—boosting the combined group’s traffic and resources—while financial terms were not disclosed.
-
Betsperts Media & Technology Group Acquires PokerCoach.us
September 8, 2022
Media & Entertainment
Betsperts Media & Technology Group has acquired PokerCoach.us, a premium poker education and content website, as part of its strategy to expand its digital footprint in the online betting market. PokerCoach.us will be rebranded as Betsperts.com/poker and integrated into Betsperts' family of betting, fantasy and casino properties to broaden audience engagement and partner offerings.
-
Penn National Gaming to Acquire theScore Media and Gaming
August 5, 2021
Media & Entertainment
Penn National Gaming, Inc. entered into a definitive agreement to acquire Score Media and Gaming Inc. (theScore) for approximately US$2.0 billion in cash and stock. The deal was structured as a plan of arrangement and was expected to close in October 2021, with theSpeed delivering US$17.00 in cash and 0.2398 Penn National shares per theScore share.
-
Penn National Gaming Acquires Operations of Hollywood Casino Perryville
July 1, 2021
Restaurants & Hospitality
Penn National Gaming completed the acquisition of the operations of Hollywood Casino Perryville from Gaming and Leisure Properties, Inc. for $31.1 million in cash and entered into a lease with GLPI for the facility real estate with annual rent of approximately $7.77 million. The deal, approved by the Maryland Lottery and Gaming Control Commission, expands Penn National's regional gaming footprint and omni-channel sports betting capabilities in Maryland.
-
Spouting Rock Acquires Majority Stake in Penn Capital; RBB Adopts Penn Capital Funds Trust
June 28, 2021
Wealth Management
Spouting Rock Asset Management acquired a majority interest in Penn Capital Management Company, LLC, with the transaction announced alongside The RBB Fund, Inc.'s adoption of the Penn Capital Funds Trust effective June 24, 2021. The partnership is intended to scale Penn Capital's offerings by leveraging Spouting Rock's platform and RBB's turnkey fund administration and governance capabilities.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.