ESPORTS MERGERS: GAMESQUARE DIVESTS FROM FAZE MEDIA, FOCUSES ON FAZE CLAN ESPORTS
John Doe, Contributor
FaZe Clan's parent company, GameSquare, offloads ownership of FaZe Media Division.
January 04, 2025 - 3:20 AM
Get the scoop on the latest news from the world of esports!
The Big Scoop:
GameSquare, the parent company of popular esports powerhouse FaZe Clan, has announced a major shakeup in its structure. They've offloaded their remaining 25.5% stake in FaZe Media, leaving them with 100% ownership of FaZe Clan's esports division. This move comes as a strategic decision to focus solely on esports growth and profitability[1][2][3].
Who's Who:
- GameSquare: The parent company that now holds 100% ownership of FaZe Clan's esports division.
- FaZe Clan: The iconic esports team that GameSquare continues to manage.
- FaZe Media: Now an independent entity, owned by a consortium including Richard "FaZe Banks" Bengtson (25.5%), Matt Kalish (49%), and Gigamoon Media (25.5%)[3][4][5].
A New Era:
The divestiture, effective as of March 31, 2025, marks a fresh start for both parties. FaZe Media severs its ties with GameSquare and moves forward as a creator-led entity[1][3], while GameSquare maintains control over FaZe Clan's competitive gaming operations.
Richard Janvrin, a veteran writer specializing in sports, sports betting, and online casinos, shares his insights on this development. With a degree in English/Journalism from the University of New Hampshire and over a decade of writing experience, he provides accurate and up-to-date news on the online casino industry[6].
Sources:
[1] Esports Insider[2] The Esports Observer[3] GameSquare Esports[4] The Street[5] Variety[6] Richard Janvrin's Profile
- "GameSquare, the parent company of popular esports team FaZe Clan, is focusing solely on esports growth and profitability after divesting from its stake in FaZe Media, leaving them with full ownership of FaZe Clan's esports division."
- "With the divestiture of FaZe Media, Richard Janvrin, a veteran writer specializing in sports, sports betting, and online casinos, shares his insights on this development."
- "In 2025, the sports landscape may witness new combinations as the eSports industry matures, with sports betting and online casinos potentially playing a significant role, according to Richard Janvrin's professional overviews."
- "By 2025, we might see an increasing blend of sports, sports betting, and online casinos, as the esports world continues to evolve and gain traction among traditional sports fans."
