Penn National Gaming is acquiring Score Media and Gaming for $2 billion in cash and stock. It is to develop and own its own sports betting platform.
Penn National President Jay Snowden stated, “We are glad to be acquiring theScore, which is the number one sports app in Canada. It is also the third most popular sports app in North America. Score’s distinct media platform and cutting-edge technology complement the reach of Barstool Sports and its popular personalities and content.”
“This deal brings together two companies that share a vision for how media and gaming intersect. We couldn’t be more excited to join the Penn National family,” said John Levy, Chairman and CEO of theScore. I’m proud of the Score team and all of our accomplishments, and I also believe the time has come to take the next step and partner with a company like Penn National that has the resources and scale to help us grow.