---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-127592"
form_type: "8-K"
ticker: "PENN"
cik: "0000921738"
company_name: "PENN Entertainment, Inc."
filed_at: "2021-10-19T23:59:59+00:00"
generated_at: "2026-06-28T20:10:41.113625+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Penn National closes $2B acquisition of Score Media and Gaming; issues 12.3M shares and $923M cash

## Summary
- Total consideration ~$2.0B: $922.8M cash, 12.3M PENN shares, and 0.7M exchangeable shares.
- theScore shareholders received US$17.00 cash and 0.2398 Penn share per Class A share.
- Acquisition adds theScore's sports media app (#3 in NA, #1 in Canada) to PENN's ecosystem with Barstool Sports.
- Positions PENN to enter Canadian gaming market; Ontario sports betting and iGaming expected in late 2021.
- John Levy (theScore CEO) and his team join Penn National; strengthens digital media and gaming strategy.

## SEC filing metadata
- accession: 0001104659-21-127592
- form_type: 8-K
- ticker: PENN
- cik: 0000921738
- company_name: PENN Entertainment, Inc.
- filed_at: 2021-10-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921738/000110465921127592/0001104659-21-127592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921738/000110465921127592/tm2130248d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-127592
- JSON: https://secwatch.observer/filing/0001104659-21-127592.json
- Plain text: https://secwatch.observer/filing/0001104659-21-127592.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.