Report: Deal to acquire FaZe by GameSquare holding postponed until February

As found out, GameSquare holding has postponed the acquisition of North American organization FaZe until February 2024. At the same time, it is unknown what exactly is behind the delay of the deal.

Initially, the acquisition was supposed to be officially announced in the fourth quarter of 2023. Moreover, GameSquare and FaZe functionaries reached agreements at the end of October.

However, the parties released updated documents, according to which the date of the final merger of the companies was postponed from December 31, 2023 to February 15, 2024.

These changes are likely due to the intentions of Complexity's CEO and founder, Jason Lake, to buy out assets from GameSquare. Note that the organization has been part of the holding since the summer of 2021, when it was acquired for $27 million.

In addition, the acquisition of FaZe by GameSquare creates a conflict of interest between the teams. While ESL has updated its rulebook to effectively ban two rosters from competing at the same tournaments, BLAST has not issued a statement on this matter yet.