• Team Liquid valued at $415M following $35M investment

    Team Liquid’s valuation climbed to an estimated $415 million with the closing of a $35 million financing round, the esports organization and parent company aXiomatic announced Friday. Investors in the latest round included Ares Management, Hiro Capital, Revolution Growth, AOL co-founder Steve Case and Softbank Capital’s Steve Murray. “Coming off a year with record topline […]

  • Report: FaZe Clan’s SPAC merger in doubt

    FaZe Clan’s plan to merge with a special purpose acquisition company (SPAC) in order to go public on the NASDAQ “may be dead in the water,” Sports Business Journal reported Friday. FaZe had announced its plan in October and cited a valuation of $1 billion. It was set to partner with a SPAC called B. […]