One of the world's most popular media and esports organizations is becoming a public company. Although not the first deal of its kind, this incredible journey shows the growth potential the industry has in the eyes of mainstream finance.
When FaZe Clan began 11 years ago, they were just a bunch of skilled Call of Duty players posting their clips to YouTube.
A SPAC is an interesting financing vehicle, only existing on the public markets to buy another company.
This merger may open the floodgates for similar gaming & media-related acquisitions as Wall Street and strategic operators see the industry as a prime channel to reach young audiences.
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