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• Penn Entertainment Fully Acquired Barstool Sports

  Penn Entertainment Inc. just bought the whole Barstool Sports for about $388 million. Penn already owned a huge part of Barstool, but the company decided to acquire the remaining part.

  The reasons behind the complete acquisition: 

  Their partnership started in 2020 when they joined forces to deliver exclusive sports betting and iCasino content. Back then, Penn owned 36% of the company. However, even then, there were rumors about the full acquisition.

  Barstool is one of the most popular digital platforms which shares sports, lifestyle, and entertainment news. Dave Portnoy founded it in 2003 when it was …