Penn National Gaming (PENN) Acquires Score Media and Gaming (SCR) for $2B in Cash and Stock
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Penn National Gaming to Acquire Score Media and Gaming, Creating North America’s Leading Digital Sports Content, Gaming and Technology Company
August 5, 2021 7:01 AM EDTTransaction fortifies Penn Nationals bespoke digital media and gaming strategy, creating a complete one-stop destination
Addition of theScore's fully integrated betting and media platform into existing ecosystem will lead to best-in-class engagement and retention
Brings theScore's cutting-edge technology in-house, providing Penn with full ownership of product roadmap
Establishes strong commitment to Canada; Levy Family will continue to oversee theScore, including workforce expansion and Ontario operations
Provides adjusted EBITDA accretion by Year 2, an incremental $200mm+ medium term adjusted... More
