It has been revealed that GameSquare Esports are acquiring popular Esports team Complexity for around $27M. Here is their announcement:
Gamesquare Esports acquiring Complexity – Who are they?
GameSquare Esports are a Canadian Securities Exchange-listed company. They currently own Code Red Esports, GCN (Gaming Community Network, and are also affiliated with Rainbow7, a League of Legends team.
Here is what Complexity have stated about the partnership with GameSquare:
“GameSquare’s capabilities in content creation, merchandising, sales, marketing, and branding will complement Complexity’s storied legacy in the space, unparalleled industry know-how, and expertise in scouting organic gaming talent, recruiting players, and molding them into premier esports athletes. With decades of experience at the intersection of esports, entertainment, and traditional sports, the resulting entity will create operational efficiencies that will power the best esports experiences for teams, players, brands, and fans.”
What does this mean for Complexity?
In their announcement, they stated that GameSquare will aid Complexity in the org’s growth. With GameSquare’s facilities and resources, Complexity will be able to develop and evolve like never before. Overall, this is huge for Complexity, as well as its CEO, Jason Lake, as he steps into a new role in esports.
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