GameSquare Reveals The Sale of Complexity Gaming

GameSquare Reveals The Sale of Complexity Gaming

Mergers and Acquisitions

01 March 2024 16:10

Companies/GameSquare Esports announced the sale of Complexity Gaming to Global Esports Properties led by Complexity's founder and CEO Jason Lake for $10.36m. According to the release GameSquare and Complexity signed a Membership Interest Purchase Agreement. GameSquare recently announced the purchase of FaZe Clan. The company will pay $17m for the merger. GameSquare is the parent company marketing agency Code Red. FaZe Clan was having financial troubles last year. The organization was issued a notice by NASDAQ several times due to extremely low stock prices.

GameSquare CEO Justin Kenna. "The Complexity transaction follows the December 2023 sale of our Frankly radio assets, as we continue to optimize our platform ahead of the pending acquisition of FaZe. Once the acquisition with FaZe closes, which is expected in the coming weeks, we are excited to get to work replicating the success we achieved with Complexity at FaZe. We believe this is a win/win for Complexity, Global Esports, GameSquare and the global esports leagues where Complexity and FaZe compete, as many leagues have rules around ownership of multiple teams. We look forward to rooting for Complexity and finding ways to continue to work with Jason and his team."

Tags: GameSquare Complexity Gaming

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

GameSquare Partners with GGTech

GameSquare, a next-generation media company specializing in gaming and creator-led entertainment, has announced a new strategic partnership with international esports...

Uncategorized

Apr 17, 2025

GameSquare is Out of FaZe Media

GameSquare Holdings, Inc. announced several business developments and plans to host its Q4 2024 earnings conference call on April...

Business

Apr 01, 2025

GameSquare Secures $10m

GameSquare Holdings, Inc. has entered into a $10 million convertible note transaction with Gigamoon Media, LLC, an investment...

Investments

Nov 14, 2024

GameSquare Partners with Clout

Zoned, a marketing agency under GameSquare Holdings, Inc., has announced a partnership with Clout, a platform tailored for esports....

Business

Oct 04, 2024

GameSquare Reveals New Record

GameSquare Holdings, Inc. has announced a record $14 million in new contracts for August 2024, marking the company's best...

Business

Sep 11, 2024

GameSquare Reveals The Sale of Complexity Gaming

Mergers and Acquisitions

01 March 2024 16:10

Tags: GameSquare Complexity Gaming

Companies/GameSquare Esports announced the sale of Complexity Gaming to Global Esports Properties led by Complexity's founder and CEO Jason Lake for $10.36m. According to the release GameSquare and Complexity signed a Membership Interest Purchase Agreement. GameSquare recently announced the purchase of FaZe Clan. The company will pay $17m for the merger. GameSquare is the parent company marketing agency Code Red. FaZe Clan was having financial troubles last year. The organization was issued a notice by NASDAQ several times due to extremely low stock prices.

GameSquare CEO Justin Kenna. "The Complexity transaction follows the December 2023 sale of our Frankly radio assets, as we continue to optimize our platform ahead of the pending acquisition of FaZe. Once the acquisition with FaZe closes, which is expected in the coming weeks, we are excited to get to work replicating the success we achieved with Complexity at FaZe. We believe this is a win/win for Complexity, Global Esports, GameSquare and the global esports leagues where Complexity and FaZe compete, as many leagues have rules around ownership of multiple teams. We look forward to rooting for Complexity and finding ways to continue to work with Jason and his team."

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

GameSquare Partners with GGTech

GameSquare, a next-generation media company specializing in gaming and creator-led entertainment, has announced a new strategic partnership with international esports...

Uncategorized

Apr 17, 2025

GameSquare is Out of FaZe Media

GameSquare Holdings, Inc. announced several business developments and plans to host its Q4 2024 earnings conference call on April...

Business

Apr 01, 2025

GameSquare Secures $10m

GameSquare Holdings, Inc. has entered into a $10 million convertible note transaction with Gigamoon Media, LLC, an investment...

Investments

Nov 14, 2024

GameSquare Partners with Clout

Zoned, a marketing agency under GameSquare Holdings, Inc., has announced a partnership with Clout, a platform tailored for esports....

Business

Oct 04, 2024

GameSquare Reveals New Record

GameSquare Holdings, Inc. has announced a record $14 million in new contracts for August 2024, marking the company's best...

Business

Sep 11, 2024