KEY POINTS
  • Penn National's purchase of Toronto-based media company Score Media and Gaming allows the company to obtain in-house technology and grow its presence across North America.
  • Score Media and Gaming operates theScore.

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Shares of Score Media and Gaming, which operates theScore, closed up 79.9% Thursday after Penn National announced it's acquiring the company for $2 billion in cash and stock options. Shares of Penn National closed up 9%.

The deal increases Penn National's reach in North America, since Score Media and Gaming has positioned itself to leverage the Canadian mobile sports betting marketplace.

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