Barstool Sports receives $160mm from Penn National

https://www.wsj.com/articles/penn-national-gaming…

Just wanted to get everyone's thoughts on the deal. Anyone have any idea if any banks worked on this? Sounds like a really awesome transaction. I think smart on PENN's part - Barstool probably could have gotten a better partner??

 

that’s a fair valuation imo. On Instagram, I only have 2400 followers @lloydblankfine, NBC News has 2 million followers, Barstool has 7.6 million followers AND local and university specific accounts as well. Huge influence and under 30 engagement, only growing bigger every day.

 

Best I can find for now: "Katy Spillers of Greenberg Glusker Fields Claman & Machtinger LLP acted as the legal advisor to Barstool Sports. Daniel A. Neff of Wachtell, Lipton, Rosen & Katz LLP acted as the legal advisor to Penn National. Bradford P. Weirick of Gibson, Dunn & Crutcher LLP acted as the legal advisor to TCG"

Still nothing on financial advisors

 

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