Penn National Gaming completes its US$2 B acquisition of Score Media and Gaming Inc.
October 19, 2021
2.00 Billion USD
On October 19, 2021, Score Media and Gaming Inc. ("theScore") completed the previously announced US$2 billion acquisition by Penn National Gaming, Inc. ("Penn National").
theScore is a TSX- and NASDAQ-listed digital media company based in Toronto that owns and operates digital media and sports betting products.
Penn National is a Pennsylvania-based owner and manager of gaming and racing properties, retail and online sports betting operations, and video gaming terminal operations.
McCarthy Tétrault LLP advised Score Media and Gaming Inc. with a team led by Robert Hansen and David Woollcombe that included Michael Shahinian, Matthew Sanders, Gianluca Mazzanti and Michael Alty (Corporate/M&A), Patrick McKay, Jeff Oldewening and Emily Leduc Gagne (Tax), Jason Gudofsky and Michael Caldecott (Competition), Miranda Lam and Xinya Wang (Litigation), Kate McNeill-Keller (Employment), Vincent Yip (Intellectual Property), Conrad Lee (Technology/Privacy), and Deron Waldock (Benefits).