20 October 2023 14:34
GameSquare announced the acquisition of FaZe Clan. The acquisition will be an all-stock transaction. The company aims to finalize the deal in Q4 2023. Currently, both companies are traded on NASDAQ. Recently FaZe Clan was warned by NASDAQ due to low stock price. Afterward CEO Lee Trink was removed from his position.
Justin Kenna, CEO of GameSquare stated "The gaming community represents one of the largest and most engaged segments of the attention economy, the acquisition of one of the biggest names in gaming serves as a perfect illustration of how we have built a powerful infrastructure with expansive scale that we can use to leverage the full spectrum of resources within the GameSquare ecosystem. We are also thrilled to welcome back the founders of FaZe Clan and their fans, one of the most deeply engaged communities born on the internet."
Tags: GameSquare FaZe Clan
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