Not that simple. Kinda though.
Since announcing the Barstool deal, Penn's market cap grew from $2.9b to $3.6b. They just bought a $400m company and $100m in revenue...for free.pic.twitter.com/Vn08oEYFDv
-
-
This Tweet is unavailable.
-
-
-
-
Amazon did this with whole foods too I think?
-
13 billion
End of conversation
New conversation -
-
-
Woah, I forgot they were publicly traded!
-
Would you consider buying PENN Turner? I don’t know enough about gambling myself
- 1 more reply
New conversation -
-
-
Not quite how it works
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Not exactly for free they paid cash...penn has 400mm in cash and 2.4 billion in debt and only way it is for free if they sell equity via a secondary to pay for and the stock does not budge or sells dollar for dollar before the announcement. Not free...yet.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.