Barstool Chernin Deal
Webpenn entertainment is taking full control of barstool sports as part of a $387 million deal. Webbarstool sports is now “fully owned by casino operator and entertainment company penn entertainment,” according to todd spangler of variety. Webpenn paid about $388 million for the remaining stake in barstool sports that it doesn’t already own, the sports and entertainment company said friday. Webcontinuing to build its brand in the digital marketplace, the chernin group has acquired a 51% stake in the website barstool sports, sources confirm to variety. Webthe barstool dalliance with penn entertainment continues to make money for dave portnoy.
