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Did Penn sell Barstool Spa to David Portnoy?

“Pursuant to the Barstool SPA, PENN sold 100% of the outstanding shares of Barstool to David Portnoy in exchange for a nominal cash consideration ($1.00 dollar) and certain non-compete and other restrictive covenants,” the company wrote in its quarterly report Wednesday.

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.

Is Barstool Sports founder Dave Portnoy in a defamation lawsuit?

"Federal Judge Dismisses Barstool Sports Founder Dave Portnoy's Defamation Lawsuit Over Reports of Sexual Misconduct, Violence". Law & Crime. Retrieved November 20, 2022. ^ Hayes, Peter (February 2, 2023). "Barstool Sports Founder Drops Appeal of Insider Defamation Suit". news.bloomberglaw.com. Retrieved May 4, 2023.

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