Barstool Sports to be fully acquired by Penn Entertainment in $387 million deal

Penn Entertainment is taking full control of Barstool Sports as part of a $387 million deal. The Berks County-based casino and racetrack operator bought a 36% stake in the company in 2020 and is now exercising its right to purchase the rest of the sports media company founded by Dave Portnoy. The Barstool Sportsbook, launched in 2020, allows sports betting in 12 states, including Pennsylvania and New Jersey.

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