GameSquare Holdings, Inc. has officially sold Complexity Gaming to Global Esports Properties, LLC for $10.36 million, marking a strategic asset reconfiguration ahead of the FaZe Holdings acquisition. The sale to Global Esports, led by Complexity's founder Jason Lake, reflects Complexity's impressive growth, with a notable surge in sales and social media presence under GameSquare's tenure.
The next chapter has begun. 🫡
— Jason Lake (@JasonBWLake) March 1, 2024
Hope you’ll join us as it unfolds.
Buckle up, https://t.co/vnIYaGE0jd
Justin Kenna, CEO of GameSquare, highlighted the success under their ownership and expressed confidence in Lake's leadership moving forward. The transaction, part of GameSquare's broader strategy, aims to replicate Complexity's achievements with FaZe Holdings, benefiting the esports ecosystem by adhering to league ownership regulations.
Jason Lake expressed gratitude for the partnership with GameSquare and optimism for Complexity's future. The deal includes an upfront payment and a seller-financed note, demonstrating GameSquare's ongoing investment in the esports sector.
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