GameSquare Sells 25.5% Interest In FaZe Media For $9.5M To Entity Controlled By FaZe Banks; Follows $11M Investment By Matt Kalish For 49% Interest; FaZe Media Valued At $40M; GameSquare Retains Controlling Interest And 100% Ownership Of FaZe Esports
Portfolio Pulse from Benzinga Newsdesk
GameSquare has sold a 25.5% interest in FaZe Media for $9.5 million to an entity controlled by FaZe Banks. This follows an $11 million investment by Matt Kalish for a 49% interest, valuing FaZe Media at $40 million. GameSquare retains controlling interest and 100% ownership of FaZe Esports.
June 18, 2024 | 1:42 pm
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GameSquare has sold a 25.5% interest in FaZe Media for $9.5 million to an entity controlled by FaZe Banks, following an $11 million investment by Matt Kalish for a 49% interest. FaZe Media is valued at $40 million. GameSquare retains controlling interest and 100% ownership of FaZe Esports.
The sale of a 25.5% interest in FaZe Media for $9.5 million and the previous $11 million investment by Matt Kalish indicate strong investor confidence and a significant valuation of $40 million for FaZe Media. GameSquare retains controlling interest and full ownership of FaZe Esports, which is positive for its strategic positioning and future revenue potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100