Under the terms of the agreement, theScore shareholders will receive US$17.00 in cash and 0.2398 shares of Penn National common stock for each theScore share, which implies a total purchase consideration of US$34.00 per theScore share based on Penn National’s 5-day volume weighted average trading price as of July 30, 2021. (TSX: SCR Nasdaq: SCR) (“theScore”) announced today that they have entered into a definitive agreement whereby Penn National will acquire theScore, a leading digital media and sports betting and technology company, for approximately US$2.0 billion in cash and stock. (Nasdaq: PENN) (“Penn National” or the “Company”) and Score Media and Gaming, Inc. Provides adjusted EBITDA accretion by Year 2, an incremental $200mm+ medium term adjusted EBITDA, and $500mm+ of incremental long term adjusted EBITDA upside Transaction fortifies Penn National’s bespoke digital media and gaming strategy, creating a complete one-stop destinationĪddition of theScore's fully integrated betting and media platform into existing ecosystem will lead to best-in-class engagement and retentionīrings theScore ' s cutting-edge technology in-house, providing Penn with full ownership of product roadmapĮstablishes strong commitment to Canada Levy Family will continue to oversee theScore, including workforce expansion and Ontario operations
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |