On August 5, 2021, Penn National Gaming announced it will acquire theScore for US$2 billion in cash and stock. The acquisition creates a first-of-its-kind, vertically integrated media and omni-channel gaming business, combining sports, gaming and media in North America, and will allow the company to expand its operations in Canada and into new verticals. Under the combined company, users will have access to mobile sports betting and sports and entertainment content.
theScore is a Toronto-based digital media and sports betting company specializing in the creation and distribution of digital content, delivering personalized live scores, news, statistics and betting information on sports teams, leagues and players.
Penn National Gaming is an American gaming company focused on the operation of casinos and racetracks.
Osler, Hoskin & Harcourt LLP advised the Levy Family as principal shareholders in connection with the transaction with a team consisting of Doug Bryce, Alex Gorka, Brian Gray (Corporate), Dov Begun, Taylor Cao (Taxation), Lynne Lacoursière and Kelly O’Ferrall (Executive Compensation).