GameSquare, which is owned by Complexity, has officially announced its intention to acquire FaZe

Esports holding company GameSquare, which also owns Complexity, has officially announced its acquisition of FaZe Clan. This significant news was shared on the company's official Twitter page.

According to the announcement, the deal is set to be completed in the fourth quarter of 2023. By joining forces with FaZe Clan, GameSquare aims to establish itself as one of the world's leading companies in the field of content, media, and entertainment, with a strong focus on gaming, esports, and youth culture.

FaZe Clan will continue to operate as a subsidiary of GameSquare. However, it's worth noting that GameSquare's ownership of Complexity raises questions about potential conflicts of interest between these teams, especially when they participate in the same tournaments. At this moment, it remains unclear what steps will be taken to address this issue. More details about the development of this deal will be closely monitored.