Gamesquare sells 25.5% interest in faze media for $9.5 million

Transaction follows $11 million investment from matt kalish for 49% interest in faze media, valuing faze media after the sale at approximately $40 million gamesquare to retain controlling voting interest in faze media, and will continue to consolidate faze media's financial results in its financial statements gamesquare continues to own 100% of faze esports, one of the world's best and most recognized esports organizations frisco, tx / accesswire / june 18, 2024 / gamesquare holdings, inc. (nasdaq:game), ("gamesquare", or the "company"), today announces that it has sold a 25.5% interest in faze media for $9.5 million to an entity controlled by faze media's ceo faze banks. the sale follows an $11 million investment by matt kalish for 49% of faze media that was completed in may 2024.
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