GameSquare (GAME) To Acquire FaZe Clan
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GameSquare To Acquire One of the Biggest Names in Gaming, FaZe Clan
October 20, 2023 6:02 AM EDTEXPANDS SCALE AND CAPABILITIES TO CREATE A LEADING CONTENT, MEDIA, AND ENTERTAINMENT COMPANY FOCUSED ON GAMING, ESPORTS AND YOUTH CULTURE
Returns FaZe Clan's founders to lead the FaZe brand and reestablish authenticityEstablishes the largest audience in gaming with over 1 billion social followersSignificant cost-saving opportunity of over $18 million on a run-rate basisCombined company to manage a robust portfolio of brand partnerships, including Porsche, Jack In The Box, Xfinity, Miller Lite, H-E-B, GHOST and moreTransaction expected to close in the fourth quarter of 2023FRISCO, TX and LOS ANGELES,... More
