Mergers & Acquisitions
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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, financial advisors and other financial institutions and investors on their most important mergers, acquisitions and takeover transactions.
Score Media and Gaming Acquired by Penn National Gaming in $2.1 Billion Transaction
- Client News
- October 19, 2021
Paul, Weiss advised Score Media and Gaming Inc., also known as theScore, in its $2.1 billion cash-and-stock sale to Pennsylvania’s Penn National Gaming, Inc., which owns and operates casinos and racetracks, and has a 36% ownership interest in Barstool Sports. theScore is a leading Toronto-based digital media and sports betting and technology company with Canada’s most popular sports app and the third-most popular sports app in North America. The combination will create North America’s leading digital sports content, gaming and technology company.
Under the terms of the transaction, theScore shareholders received $17.00 in cash and 0.2398 shares of Penn National common stock for each theScore share, which implies a total purchase consideration at closing of approximately $36.50 per theScore share.
The Paul, Weiss team included corporate partner Adam Givertz and counsel Christian Kurtz; tax partner Brian Krause; executive compensation partner Jean McLoughlin; litigation partners Andrew Finch, Andrew Gordon, Catherine Nyarady and Jeannie Rhee, and counsel Jacobus Schutte; intellectual property partner Charles Googe; antitrust counsel Marta Kelly and Yuni Sobel.