sur GameSquare Holdings, Inc. (NASDAQ:GAME)
GameSquare Expands Gaming Ventures and Divests FaZe Media Stake
GameSquare Holdings, Inc., based in Frisco, Texas, is making a strategic shift by focusing on gaming events in the U.S. The company has secured a $2 million credit facility to boost its experiences business. This move aims to support the development of immersive, brand-owned events that engage audiences.
GameSquare has divested its remaining 25.5% stake in FaZe Media to streamline operations and enhance its balance sheet. However, it retains full ownership of FaZe Esports, a leading global esports organization.
The company's Q4 2024 earnings are set to be announced on April 16, 2025, along with insights into its profitability goals for 2025. The divestiture of FaZe Media, valued at $39.2 million, reflects GameSquare's strategy to optimize its business model and drive profit-focused growth.
R. P.
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