boston127
10 months ago
What has changed? you were Long
a few days ago. I do not understand the .13091 from Game Square for every FAZE share. The merger has been approved. You do not think that GAME can get back to $7? The analysts predict a .02 loss per share. That is not a big loss.
GameSquare Holdings Stockholders Approve FaZe Holdings Merger
12:24 PM ET, 02/27/2024 - MT Newswires
12:24 PM EST, 02/27/2024 (MT Newswires) -- GameSquare Holdings (GAME) said Tuesday its stockholders have approved the proposed merger with FaZe Holdings (FAZE).
The companies expect the transaction to be completed shortly, subject to certain customary closing conditions, GameSquare said.
Shares of GameSquare were nearly 4% down and FaZe Holdings rose more than 9% in recent trading.
Price: 1.56, Change: -0.02, Percent Change: -1.27
Babubd
10 months ago
Dollars incoming! FaZe Clan Receives Stockholder Approval for Merger with GameSquare
LOS ANGELES, CA / ACCESSWIRE / February 22, 2024 / FaZe Holdings Inc. ("FaZe Clan" or the "Company") (Nasdaq:FAZE) today announced that its stockholders have voted to approve the proposed merger with GameSquare Holdings, Inc. ("GameSquare") (Nasdaq:GAME). GameSquare's stockholder vote will be held on February 27, 2024, at 10:00 a.m. ET. FaZe Clan and GameSquare anticipate the transaction closing shortly thereafter, subject to the satisfaction of customary closing conditions.
For media relations information, please contact:
Chelsey Northern / The Untold
E: cn@wearetheuntold.com
T: (254) 855-4028
ABOUT FAZE CLAN
FaZe Holdings Inc. (Nasdaq: FAZE) ("FaZe Clan") is one of the most prominent and influential gaming organizations in the world. Created by gamers, for gamers, FaZe began in 2010 by a group of internet kids who turned their passion into a successful career path and formed a die-hard community along the way. Today, FaZe Clan represents a vast roster of creators who aim to inspire the next generation in making their dreams a reality.
FaZe Clan operates across multiple verticals designed to reimagine gaming, sports, culture and entertainment. FaZe Clan has partnered with blue-chip brands such as Porsche, GHOST® and McDonald's, and record-breaking fashion and lifestyle collaborations featuring Nike, Takashi Murakami, Lyrical Lemonade and more - all centered around its top-tier talent collective with gaming rooted at the core. Reaching over 500 million followers across social platforms globally, FaZe Clan's roster consists of world-class gamers, streamers, content creators and esports professionals known for delivering disruptive, original content, and its gaming division houses 10+ competitive esports teams.
The content of any website referenced or hyperlinked in this communication is neither incorporated into, nor part of, this communication. For more information about FaZe Clan, visit www.fazeclan.com, investor.fazeclan.com and follow FaZe Clan on Twitter, Instagram, YouTube, TikTok, and Twitch.
https://ca.finance.yahoo.com/news/faze-clan-receives-stockholder-approval-200000150.html
boston127
11 months ago
More DD.
There has to be good with the bad. FAZE was once valued at $725M, but the company has failed. They have since been bought by Gamesquare, a company owned in part by the owner of the Dallas Cowboys football team, for $17M. The company lost its way. With the new purchase, it is free and clear of debt and the original Founders are back running the show.
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 Fazeβs $725-million valuation at the time of its special purpose acquisition company, SPAC, merger in July of 2022.
Since the SPAC made it publicly traded on the Nasdaq exchange, Faze Clan, like much of the esports industry, has struggled, with the company posting a $28.4-million loss βthrough the first half of 2023,β according to Bloomberg. Last month, Faze Clanβs 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 βFaze Banksβ Bengtson, who will serve as CEO, Thomas βFaze Temperrrβ Oliveira, taking place as president, and Yousef βFaze Apexβ Abdelfattah, who takes over as COO. Faze Clan will operate as an independent division of Gamesquare and will be βre-engaging with its core fanbase,β according to the press release.