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Did Portnoy buy Barstool Sports?

Portnoy bought the company stock back from Penn Entertainment after a deal initiated in 2020. Penn finalized its acquisition of Barstool Sports this year in a deal worth $551 million. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily.

Who owns Barstool Sports?

Barstool Sports is an American blog website and digital media company headquartered in New York City that publishes sports journalism and pop culture -related content. It is owned by David Portnoy, who founded the company in 2003 in Milton, Massachusetts .

Does Penn National own Barstool Sports?

On January 29, 2020, casino company Penn National Gaming (now Penn Entertainment) purchased a 36% stake in Barstool Sports for $163 million in cash and stock, valuing Barstool at $450 million. Penn National would have the option to pay an additional $62 million in 3 years to increase its stake to 50%.

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