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barstool sold for how much pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

Did Penn buy Barstool Sports?

Penn also announced that it sold Barstool Sports, an irreverent sports media site, back to its founder, Swampscott native Portnoy. Penn took a 36% stake of Barstool Sports in February 2020 for about $163 million and subsequently acquired the remainder of the company for about $388 million in February 2023.

Who owns Barstool Sports?

Dave Portnoy is once again the owner of Barstool Sports, which he founded in 2003. Penn Entertainment announced Tuesday that it is divesting the company back to Portnoy. Penn also announced it will be partnering with ESPN to rebrand its existing sportsbooks.

What happened to Barstool?

Barstool was sold by Dave Portnoy to PENN Entertainment in a two-part sale for $551 million. Now, Portnoy has bought the site back for just $1. He announced the deal in an “Emergency Press Conference” shared to social media.

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