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M&A Deal Summary

PENN Entertainment Acquires theScore

On August 5, 2021, PENN Entertainment acquired digital media company theScore for 2.0B USD

Acquisition Highlights
  • This is PENN Entertainment’s 3rd transaction in the Digital Media sector.
  • This is PENN Entertainment’s 3rd largest (disclosed) transaction.
  • This is PENN Entertainment’s 1st transaction in Canada.
  • This is PENN Entertainment’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-08-05
Target theScore
Sector Digital Media
Buyer(s) PENN Entertainment
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Morgan Stanley
Canaccord Genuity (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison
McCarthy Tétrault (Legal)

Target

theScore

Toronto, Ontario, Canada
theScore operates as a sports media company in North America. It offers theScore, a mobile sports application that delivers customizable news, scores, stats, and notifications for various leagues and sports; and theScore esports, which produces and shares original video content pieces across its web and social platforms, including features and documentaries on high-profile teams, games, and players from across the esports scene, as well as highlights and interviews. The company also provides theScore Bet, a mobile sports betting platform that delivers various pre-game and in-game markets and betting options, lightning-fast scores, and in-game data comprising early cash-out, and easy and secure deposit and withdrawal options. In addition, it operates theScore.com, a web platform that provides sports news, scores, and video and editorial content written by original sports voices. theScore was founded in 2012 and is based in Toronto, Canada.

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Buyer(S) 1

Buyer

PENN Entertainment

Wyomissing, Pennsylvania, United States
Category Company
Founded 1972
Sector Gaming
Employees23,118
Revenue 6.6B USD (2024)
DESCRIPTION

PENN Entertainment owns, operates and has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. PENN Entertainment was founded in 1972 and is based in Wyomissing, Pennsylvania.

DEAL STATS #
Overall 19 of 19
Sector: Digital Media M&A 3 of 3
Type: Add-on Acquisition M&A Deals 16 of 16
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Hollywood Casino Perryville

Perryville, Maryland, United States

Hollywood Casino Perryville offers Vegas-style gaming vibes in a friendly community atmosphere. Hollywood Casino Perryville is based in Perryville, Maryland.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 Barstool Sports

New York, New York, United States

Barstool Sports is a sports, lifestyle, and entertainment media brand on the internet. The company creates innovative, comedic content with massive distribution on multiple platforms, including podcasts, videos, social, live events, pay-per-view, and subscriptions. Barstool Sports was founded in 2004 and is based in New York City.

Sell -
Mergr

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