theScore acquired by Penn National for US$2B

WYOMISSING, Penn. and TORONTO – Penn National Gaming Inc. and Score Media and Gaming Inc. (theScore) announced today they have reached a definitive agreement for Penn National to acquire theScore for approximately US$2 billion in cash and stock. “Upon completion of the transaction, current Penn National and theScore shareholders will hold approximately 93% and 7% respectively, of the Company’s outstanding shares,” according to a press release. “Penn National expects to fund the approximately US$1 billion cash portion of the consideration using existing cash on its balance sheet.” “We are thrilled to be acquiring theScore, which is the number one sports...