theScore shareholders approve acquisition by Penn National Gaming
| By Robert Fletcher
Shareholders in Score Media and Gaming (theScore) have overwhelmingly voted to approve the proposed acquisition of the business by Penn National Gaming.
During a special meeting yesterday (October 12), 99.96% of the votes cast by shareholders were cast in favour of the deal, with just 0.04% against.
Penn in August agreed to acquire theScore in a $2.0bn (£1.47bn/€1.73bn) cash-and-stock deal, with its chief executive Jay Snowden saying that he planned to migrate Penn’s betting products to a platform currently under construction at theScore.
TheScore is currently developing its own platform, part of a wider operational overhaul.