Online content and gaming platform FaZe Clan Inc said on Monday it would go public through a merger with a blank-check firm in a deal that values the combined company at about $1 billion. Offerings from FaZe Clan, which was launched in 2010, include online gaming, esports, sports merchandise and digital content that targets millennial and Gen Z consumers. The company said it currently has more than 350 million users across its platforms.
In August, FaZe onboarded LeBron “Bronny” James Jr., son of basketball legend LeBron James. The video game enthusiast joined FaZe as a member and is expected to stream games for the organization.
In recent years, the company has received funding from e-commerce platform Ntwrk, media executive Jimmy Iovine, singer Pitbull, and counts athletes Kyler Murray and Ben Simmons among its content creaters.
Read more/Source: Reuters
