Shareholders of the esports juggernaut FaZe Clan have given a preliminary nod to a significant merger with GameSquare. The voting process amongst GameSquare co-owners is rapidly approaching, with a decisive date set for February 27th.
In a move that could reshape the esports landscape, FaZe Clan's shareholders have approved a merger with GameSquare. If GameSquare investors concur, FaZe Clan stands to gain approximately 45% ownership of the shares in a deal valued at $16 million.
The fate of Complexity, currently under GameSquare’s umbrella, remains uncertain amidst these developments. Speculation has been rife following reports that Complexity’s CEO and founder, Jason Lake, might be considering the acquisition of all assets from the holding company.
Adding to the buzz, esports portal Dexerto has reported that former FaZe Clan CEO, known as FaZe Banks, is poised to return to his executive post should the buyout proceed.
The potential merger is a significant step for FaZe Clan, marking a new chapter in their illustrious history. With a community eagerly watching, the coming days leading up to the GameSquare co-owner vote are filled with anticipation. Will this merger pave the way for a new era in esports governance and ownership? Only time will tell.
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