GameSquare ESports have acquired the rights of Complexity Gaming in a whopping $27 million deal. Along with the deal, the CEO of Complexity Gaming, Jason Lake has been elected to lead and was given the position of head of e-sports for GameSquare.
As a result of the deal, Complexity Gaming raised about $13.7 million in revenue, with the company generating $1.37 million in the first quarter of 2021 and $3.39 million in the first quarter of 2020 which is estimated to be 71% per year growth rate.
GameSquare acquired 53% of the stakes with 47% being left with Complexity Gaming, the company which owns Code Red E-sports, Gaming community and even has minority ownership in the popular online game League of Legends has also added Complexity Gaming to its revered portfolio.
Tom Walker, CFO of Dallas cowboys and Travis Goff, President of Goff Capital have also joined as the Board of directors at GameSquare as a result of the deal. Along with this GameSquare has also become the agency of record for Dallas E-sports, the combined organization plans to build a gaming powerhouse and take the E-sports world by storm. This acquisition also helps GameSquare in its steady plan of expanding its outreach in the gaming industry.
Complexity Gaming is one of the biggest e-sports brands in the world that will mutually benefit GameSquare and its wealth and experience are surely bound to lead Complexity to even bigger heights. The acquisition of Complexity helps GameSquare maintain the steady pace of expanding its outreach.