FaZe Holdings Inc. (NasdaqCM:FAZE) (FaZe Clan) is evaluating acquisition offers from GameSquare Holdings, Inc. (TSXV:GAME) and Enthusiast Gaming Holdings Inc. (TSX:EGLX), sources close to the process tell SBJ. The parties are all still in discussions, and sources note a deal would include some form of an equity swap deal and a possible cash infusion. FaZe went public on Nasdaq in July 2022 in a SPAC-merger with B. Riley that valued the company at $725 million.

However, the company and its stock quickly fell off, prompting Nasdaq to issue a delisting notice in March after FaZe failed to close trading over the $1.00 minimum for 30 consecutive days. FaZe was given until Sept. 19 to rectify its price woes.

Gamesquare, which went public on Nasdaq in March, counts Cowboys owner Jerry Jones as its majority investor. The company has the Complexity-backed esport teams (Rocket League, Counter-Strike, FIFA, Madden, Fortnite, Apex Legends) and a number of high-profile streamers, such as TimTheTatman and Ninja, in its stable. Enthusiast, a Canada-based group also traded on Nasdaq and backed by Canucks owner Francesco Aquilini, runs a number of esports websites and controls Luminosity Gaming, which fields teams in OWL and CDL.

Former HBSE CEO Scott O?Neil and Sports Innovation Labs CEO Angela Ruggiero also are Enthusiast board members.