Jerry Jones' Public Gaming Company is Entering a New Esports Phase

Dallas Cowboys owner Jerry Jones is behind a gaming company that is going on an acquisition spree.

‍What’s happening:‍

• Dallas based gaming company GameSquare Holdings (NASDAQ: GAME) is set to acquire FaZe Holdings (NASDAQ: FAZE)
  
• FaZe Holdings previously went public in a SPAC deal that raised more than $60M in new capital
  

Why it matters:‍

• FaZe Holdings is widely considered one of the most prominent brands in esports and gaming despite struggling as a publicly traded company
  
• The new combined entity is expected to be a powerful force in the gaming space with major brand partnerships
  

By the numbers:‍

• FaZe Holdings went public at a valuation of $725M USD
  
• The acquisition by GameSquare Holdings will value FaZe Holdings at approximately $17M USD
  

Market reaction:‍

• Shares in GameSquare Holdings are up +27% since the announcement of the acquisition

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