Investment Summary

PENN Entertainment Exits Barstool Sports

On August 9, 2023, invested in digital media company Barstool Sports from PENN Entertainment

Investment Highlights
  • This is transaction in the Digital Media sector.
  • This is transaction in the United States.
  • This is transaction in New York.

Investment Summary

Date 2023-08-09
Target Barstool Sports
Sector Digital Media
Sellers(s) PENN Entertainment
Deal Type Sold to Management

Target

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.

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Seller(S) 1

SELLER

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 3 of 3
Sector: Digital Media M&A 1 of 1
Type: Sold to Management M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 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.

Buy $2.0B