Monday, May 12, 2025
THE ESPORTS ADVOCATE
No Result
View All Result
  • Money
  • People
  • Brands
  • Events & Tournaments
  • Entertainment
THE ESPORTS ADVOCATE

Report: FaZe Clan Entertaining Acquisition Offers From GameSquare, Enthusiast Gaming

According to a report from SBJ, Complexity Gaming owner GameSquare and Luminosity owner Enthusiast Gaming are courting FaZe.

James FudgebyJames Fudge
July 24, 2023
in Money
Reading Time: 2 mins read
Report GameSquare Enthusiast Gaming Courting FaZe Clan

Credit: FaZe Holdings/Enthusiast Gaming/GameSquare

Publicly traded esports and gaming company GameSquare (NASDAQ:GAME, TSXV:GAME) and publicly-traded esports organization Enthusiast Gaming (NASDAQ:EGLX, TSX:EGLX) are in talks to purchase Los Angeles-based, publicly-traded esports and gaming lifestyle company FaZe Holdings (NASDAQ: FAZE), according to a report from Sports Business Journal esports reporter Kevin Hitt.

Several sources “close to the process” speaking to Hitt claim that both of these deals would likely include a combination of an “equity swap deal and a possible cash infusion.”

The Esports Advocate has reached out to Enthusiast Gaming, GameSquare, and FaZe Holdings for confirmation and additional comments, and will update this story as more information becomes available.

Earlier this month at its 2023 Annual Meeting of Stockholders, FaZe Holdings shareholders voted to approve a reverse stock split of the company’s outstanding shares of common stock. The ratio of the reverse stock split will be 1-for-20 or 1-for-30 and will be put into effect at a date to be determined.

Enthusiast Gaming holds a management contract for the Vancouver Titans and Seattle Surge through a deal with owners Aquilini Investment Group, and owns a number of esports and gaming media properties including Luminosity Gaming, Storied, Addicting Games, Pocket Gamer, The Sims Resource, UGG, Arcade Cloud, Fantasy Football Scout, Wisecrack, BCC, and many others.

GameSquare owns esports organization Complexity Gaming, production studio Fourth Frame Studios, digital advertising consultancy Frankly Media, and streaming data analytics platform Stream Hatchet. GameSquare is also home to popular streamer Tim “Timthetatman” Betar, and Tyler “Ninja” Blevins, who joined the company as its chief innovation officer earlier this year and co-launched Ninja Labs.

This is a developing story…

Tags: Complexity GamingFaZe ClanFaze HoldingsGameSquareInvestmentsJustin KennaStock Splits
TweetShareShareShareShareShareSend
Previous Post

The Long Shadow of Overwatch League

Next Post

Sean Gares Becomes a HyperX Ambassador

James Fudge

James Fudge

With a career spanning over two decades in the esports and gaming journalism landscape, James Fudge stands as a seasoned veteran and a pivotal figure in the evolution of esports media. His journey began in 1997 at Game-Wire / Avault, where he curated gaming and community news, laying the groundwork for his expertise in the field. In his more recent roles, James cemented his status as an authority in the esports business sphere as Senior Editor Esports at Sports Business Journal and The Esports Observer between 2018 and 2021.

The Esports Advocate

The Esports Advocate, your premier destination for in-depth and authoritative coverage of the esports business and finance landscape created to empower esports stakeholders with the knowledge and information needed to do business in the world of esports successfully.

Follow Us

  • About TEA
  • Terms of Service
  • Privacy Statement
  • Subscribe to our Newsletter
  • Our Mission Statement
  • Contact Us

© 2023 - 2024 The Esports Advocate. All rights reserved.

No Result
View All Result
  • Home
  • Money
  • People
  • Brands
  • Entertainment
  • About TEA

© 2023 - 2024 The Esports Advocate. All rights reserved.