Faze Clan acquired for $17 million, one year after its $725 million SPAC
Faze Clan team winning Halo World Championship 2023. | Image: Faze Clan via X
Gaming analytics and esports brand company Gamesquare, which counts Dallas Cowboys owner Jerry Jones as one of its investors, is acquiring the struggling gaming influencer group Faze Clan. The all-stock deal is worth about $17 million, Bloomberg reports, a steep drop-off from Faze’s $725-million valuation at the time of its special purpose acquisition company, SPAC, merger in July of 2022.
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