Penn National acquiring theScore, planning betting platform

Penn National announced Thursday it will acquire Canadian sports media and betting company theScore for about $2 billion in cash and stock.

A Pennsylvania-based casino and racetrack operator, Penn National also owns a 36 percent stake in Barstool Sports and is now leaning further into the sports betting sector.

"We are thrilled to be acquiring theScore, which is the number one sports app in Canada and the third most pop