Penn Entertainment to acquire remaining Barstool Sports shares

Penn Entertainment will acquire the remaining shares of Barstool Sports that it does not already own, as reported by Bloomberg. The decision will give the casino operator full control of the sports and pop-culture company. Penn has exercised call rights and will complete the purchase of the remaining Barstool shares by February 2023. Penn agreed to buy a 36% stake in Barstool for $161.2m in 2020, and since then the group has launched sportsbook...