Gamesquare to acquire one of the biggest names in gaming, faze clan

Expands scale and capabilities to create a leading content, media, and entertainment company focused on gaming, esports and youth culture returns faze clan's founders to lead the faze brand and reestablish authenticity establishes the largest audience in gaming with over 1 billion social followers significant cost-saving opportunity of over $18 million on a run-rate basis combined company to manage a robust portfolio of brand partnerships, including porsche, jack in the box, xfinity, miller lite, h-e-b, ghost and more transaction expected to close in the fourth quarter of 2023 frisco, tx and los angeles, ca / accesswire / october 20, 2023 / gamesquare holdings, inc. ("gamesquare") (nasdaq:game)(tsxv:game) and faze holdings inc. (nasdaq:faze) ("faze clan") announce that the two companies have entered into a definitive agreement pursuant to which gamesquare will acquire faze clan in an arm's length all-stock transaction. the acquisition brings together two complementary businesses to create one of the world's leading content, media and entertainment companies focused on gaming, esports, and youth culture.
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