GameSquare Announces Sale of Complexity Gaming to Jason Lake and Global Esports Properties for US$10.36 Million [Yahoo! Finance]
FaZe Holdings Inc. (FAZE)
Company Research
Source: Yahoo! Finance
Transaction is part of GameSquare's asset optimization strategy that is associated with its pending acquisition of FaZe Holdings FRISCO, TX / ACCESSWIRE / March 1, 2024 / GameSquare Holdings, Inc. (NASDAQ:GAME)(TSX.V:GAME), ("GameSquare", or the "Company"), today announced that it has sold its esports team NextGen Tech, LLC d/b/a Complexity Gaming ("Complexity") to Global Esports Properties, LLC ("Global Esports"), an investor group led by Complexity's founder and CEO Jason Lake for total consideration of US$10.36 million. GameSquare and Complexity signed a Membership Interest Purchase Agreement dated as of March 1, 2024, and the transaction is anticipated to close shortly upon the satisfaction of a closing condition to receive TSXV approval for the transaction. "Complexity is a leading esports organization that has experienced tremendous growth under GameSquare's ownership, with annual sales increasing over 175% and a 10x increase in the number of aggregate social followers from
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FAZE
News
- GameSquare Announces Completion of Faze Clan Acquisition [Yahoo! Finance]Yahoo! Finance
- GameSquare Completes Sale of Complexity Gaming [Yahoo! Finance]Yahoo! Finance
- FaZe Clan Receives Stockholder Approval for Merger with GameSquareAccesswire
- FaZe Clan and GHOST(R) Unveil "FAZE UP(TM)" - A New and Improved Lemon-Lime Soda Flavor [Yahoo! Finance]Yahoo! Finance
- FaZe Clan and GHOST(R) Unveil "FAZE UP(TM)" - A New and Improved Lemon-Lime Soda FlavorAccesswire
FAZE
Sec Filings
- 3/8/24 - Form 25-NSE
- 2/26/24 - Form 4
- 2/26/24 - Form 4
- FAZE's page on the SEC website