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FaZe Owner GameSquare to Issue 30% of Itself for 10-Week-Old Company’s Assets
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FaZe Owner GameSquare to Issue 30% of Itself for 10-Week-Old Company’s Assets
GameSquare Holdings, the Nasdaq-listed owner of FaZe Esports, has agreed to issue stock equal to about 30% of the enlarged company, plus up to $50 million in cash, for the assets of a British company incorporated 10 weeks ago — and none of the four assets it named is an esports property. According to a Sept. 9 announcement, GameSquare entered into a contribution agreement on Sept. 8 to acquire the assets comprising FanEngine Holdings Ltd., which…
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