Penn Entertainment completes acquisition of Barstool Sports
| By Zak Thomas-Akoo
Omnichannel gaming operator Penn Entertainment has completed its acquisition of media business Barstool Sports.
The closing of the deal is the latest stage of an acquisition process that began in February 2020, when Penn purchased a 36% stake in Barstool.
Today (17 February), Penn revealed that it has paid approximately $388m (£322.5m/€363m) for the remaining interest in the business, having exercised its option to acquire in August 2022.