GameSquare Holdings, Inc. announced the divestiture of its remaining 25.5% stake in FaZe Media to Gigamoon Media and FaZe's founders. This move is part of GameSquare's ongoing strategy to streamline operations, further improve its balance sheet, and pursue profitability.
The company also secured a new $2 million credit facility from the Jones Family, which will support its rapidly growing experiences business. GameSquare confirmed it continues to own 100% of the profitable FaZe Esports, one of the world's top-performing esports organizations.
This strategic divestiture eliminates an unprofitable segment, allowing GameSquare to concentrate resources on its core, higher-margin businesses. The new credit facility provides additional liquidity to accelerate the growth of its gaming and esports experiences division.
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