I doubt it, the Levine article lays it out quite nicely. ESPN is acquiring (partnering?) the sportsbook and is going to rebrand it. Penn sold the Barstool media

I doubt it, the Levine article lays it out quite nicely. ESPN is acquiring (partnering?) the sportsbook and is going to rebrand it. Penn sold the Barstool media/brand business back to Portnoy for $1 and preferential liquidation rights (50%) in any future sale. They don't need it anymore. Give it back to the guy that grew the business to $500M+ and let continue to do it for 50% of any future sale. I'd be long on that bet any day of the week.