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GameSquare Holdings, a Texas-based esports company, has acquired FaZe Clan, a North American esports team, in a deal worth about $17 million. The acquisition comes as FaZe Clan faces controversy and a collapsing share price. Members Banks, Apex, and Temperrr will take executive positions in the merged company. FaZe Clan is a video-game-influencer company that has been acquired by GameSquare Holdings, according to the companies' announcement on Friday.
Video-game-influencer company FaZe Holdings is being acquired by Texas-based esports company GameSquare Holdings, the companies said on Friday. https://t.co/HnmOcJv912
NEWS: Gamesquare is reportedly buying FaZe Clan for $16 million.
Burned by controversy and facing a collapsing share price, embattled North American esports team FaZe Clan has been acquired by GameSquare. https://t.co/Frsa4i5ApA
Exclusive: FaZe Clan is being acquired GameSquare in a deal worth about $17m. Members Banks, Apex and Temperrr will take executive positions. https://t.co/uIhxpQBdgo
ACRES NAMES WALL STREET GAMING INDUSTRY EXPERT, DAVID BAIN, CHIEF FINANCIAL OFFICER https://t.co/lBBgEVzQ4g