After losing CEO Lee Trink, Faze Clan is getting acquired by Jerry Jones-backed company Gamesquare via an all-stock transaction. The esports companies will place founder Richard “Faze Banks” Bengtson as CEO.
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.
Last month, Faze Clan’s troubles reached an inflection point that led to the firing of CEO Lee Trink, who once compared the company to the rise of hip-hop during an interview on The Vergecast. Now, under the umbrella of Gamesquare, Faze Clan leadership is reverting back to its original founders, including Richard “Faze Banks” Bengtson, who will serve as CEO, Thomas “Faze Temperrr” Oliveira, taking place as president, and Yousef “Faze Apex” Abdelfattah, who takes over as COO.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
FaZe Clan Bought by GameSquare, Founders Return to LeadFaZe Clan has been bought by GameSquare with FaZe Banks and more returning to the org.
Leer más »
FaZe Clan Acquired by GameSquare, Richard Bengston Named CEOEsports company GameSquare, backed by Dallas Cowboys owner Jerry Jones, is set to acquire struggling gamer brand FaZe Clan.
Leer más »
GameSquare Announces Intention To Acquire FaZe ClanIn a move that may have the potential to cause a major shift in the esports landscape, GameSquare Holdings announced this morning they are acquiring FaZe Clan.
Leer más »
The Best Places to Work in Dallas-Fort Worth, ranked by Dallas Business JournalSome U.S. senators have asked the U.S. Department of Justice to investigate computerized rent recommenders, alleging that they “fix rents.'
Leer más »
An Ofrenda at the State Fair of Texas Celebrates an Honorable Dallas SpiritAlong with remembrances of Selena and Uvalde victims at the State Fair of Texas is an ofrenda to an East Dallas resident who changed the lives of many.
Leer más »