Penn Entertainment's shares experience a significant increase following a deal with ESPN, while ZipRecruiter's stock declines. Take-Two Interactive, Penn Entertainment, Twilio, and ZipRecruiter are among the notable companies in focus.
Marqeta Inc.‘s stock MQ was surging 19% after the company, which makes card-issuing technology, addressed a major investor overhang as it announced a deal renewal with Block Inc.‘s SQ Cash App.Marqeta Inc.‘s stock MQ was surging 19% after the company, which makes card-issuing technology, addressed a major investor overhang as it announced a deal renewal with Block Inc.‘s SQ Cash App.
Shares of ride-sharing service Lyft Inc. LYFT rallied initially after the company reported quarterly results, but were down 8% in premarket trade. Shares of Twilio Inc. TWLO were up 6% after the software company reported revenue and earnings that eclipsed the estimates of Wall Street analysts.
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ESPN and Penn Entertainment to Launch ESPN Bet SportsbookESPN, a subsidiary of Walt Disney Co., has reached an agreement with Penn Entertainment Inc. to launch ESPN Bet, a branded sportsbook for fans in the United States. Penn Entertainment will rebrand its existing sportsbook and relaunch it as ESPN Bet in the fall. The new sportsbook will be available in 16 states where Penn Entertainment holds a license for legalized betting.
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Disney's ESPN and Penn Entertainment partner to launch ESPN BetDisney's ESPN and casino-owner Penn Entertainment have announced a $2 billion deal to launch a sports betting business called ESPN Bet. The news caused a 20% increase in Penn's shares, while DraftKings' shares fell 9%.
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ESPN partners with PENN Entertainment to form ESPN BET, which will launch this fallIn a partnership with PENN Entertainment, ESPN will launch ESPN BET this fall in the 16 legalized betting states where PENN Entertainment is licensed. PENN is selling its stake in the Barstool sportsbook back to the company's founder, Dave Portnoy.
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ESPN Inks $2B Deal for Gambling Venture With Penn EntertainmentPenn Entertainment will acquire the rights to the ESPN brand for betting purposes for 10 years, with the option to extend for another 10 years. ESPN programs will promote the service, with involvement from some ESPN talent. As part of the deal, Penn will sell Barstool Sports back to founder Dave Portnoy.
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ESPN to Launch Online Sportsbook with PENN EntertainmentESPN has partnered with PENN Entertainment to launch online sports betting sites throughout the United States. The agreement signifies PENN's transition from a regional gaming operator to a prominent entertainment leader in North America. ESPN Bet will be seamlessly integrated with ESPN's extensive editorial, content, digital, and linear product, as well as its sports programming ecosystem.
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ESPN BET to Launch This Fall; Barstool Bought Back from PENN EntertainmentESPN announced the upcoming launch of ESPN BET, their own branded sportsbook, this fall. With the rise of legalized gambling, sports media, including ESPN, has been focusing more on sports betting.
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