Barstool Sports will be under new ownership by February of next year.

Casino operator Penn Entertainment Inc. has exercised its right to buy the remaining shares of the controversial sports media giant for a total of $325 million, according to Wednesday's SEC filing reviewed by DailyMail.com. Penn (formerly: Penn National Gaming) initially bought 36 percent of Barstool at a cost of $161.2 million in 2020.

Barstool had already made the jump from sports media to gaming with the help of Penn, which has already launched sports books under the website's brand. 

Barstool was acquired at a valuation of $650 million, which some saw as a bargain. 

'I bet Spotify would pay $1.5 billion for Barstool in a minute,' tweeted sports business reporter Darren Rovell.  

While the raunchy sports- and sex-themed media company may have helped Penn reach younger gamblers, it also brings its own baggage.

Barstool founder, 45-year-old Dave Portnoy, was accused of sexual misconduct in a Business Insider expose, alleging that he had violent and aggressive sexual encounters with women, some of whom he filmed without their consent. Portnoy has denied the claims, insisting the article was a 'hit piece.'