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.
![Barstool](https://igamingbusiness.com/img-srv/-FLL5dzQtXDXiE6FkdsEI938F7BhykK5XV1WKioZYGk/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMy8wMi9wZXhlbHMtcGl4YWJheS0yNzAyODguanBn.webp)
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.