People
David Portnoy

David Portnoy photo

David Portnoy Quotes

Total quotes: 1

David Portnoy photo

David Portnoy

Birthname

Birthplace: Swampscott, Massachusetts, United States

Educated At: University Of Michigan

Nationality: United States Of America

Occupations: Businessperson

Total quotes: 1

“In a Periscope livestream, Portnoy told viewers that he sold 51% of his stake and the deal was less than $20 million — about a $10 million to $15 million valuation, specifically. Portnoy says his site is "very profitable" but that the valuation was based on revenue, not profit which "f----- [them] up a little during the negotiations.”

— Biz Carson, David Portnoy, Barstool Sports just got bought at a $10 million to $15 million valuation, and its founder is 'kinda rich now'

Tagged: Media Acquisitions, Barstool Sports, The Chernin Group, January 2016

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