Canadian government approves Penn-theScore deal
| By Daniel O'Boyle
The Minister of Canadian Heritage has given Penn National Gaming approval under the Investment Canada Act to acquire Toronto-based operator theScore.
![theScore Bet](https://igamingbusiness.com/img-srv/38hhnXx_bwiobjKXHt2_DH69ujlDKcJVxVF__fJVqdI/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMS8xMC90aGVTY29yZS1CZXQtQmlsbGJvYXJkLTgwOHgxMDI0LTEuanBn.webp)
Penn agreed to acquire theScore in a $2.0bn cash-and-stock deal in August, with chief executive Jay Snowden suggesting at the time that he plans to migrate Penn’s betting products to a platform currently being built by theScore.
Penn will pay $17.00 in cash and 0.2398 shares – $17.00’s worth – of its stock for every theScore share, for a total consideration of $34.00 per share.