Penn National Gaming strikes $2bn deal to acquire theScore

US heavyweight talks up Canadian company’s proprietary sportsbook prospects as Kambi share price plummets 33%

Penn National Gaming (PNG) has entered into a definitive agreement to acquire North American media, sports betting and technology company theScore for approximately $2bn in cash and stock. The 50:50 deal will see theScore shareholders receive $17 in cash and 0.2398 in shares of PNG stock for each theScore share, which implies a total purchase…

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