As the esports industry continues to grow, so does the interest in owning a piece of the pie. Celebrities and venture capitalists are investing millions of pounds, companies are merging together to consolidate, and acquisitions are becoming pretty common, too.
To make things easier, Esports Insider has brought together the major investments, mergers, and acquisitions of February 2020.
FaZe Clan receives $22.7 million loan facility
North American organisation FaZe Clan entered into a $22.7 million (£17.4 million) convertible loan facility.
Canaccord Genuity acted as the exclusive financial adviser to the organisation for the deal, which is said to be convertible at a pre-money equity valuation of $220 million (£168.