Faze Clan is going public in $1 billion SPAC deal

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Photo: FaZe Clan/Twitter

Faze Clan is on track to become a publicly traded company. The competitive esports group is merging with B. Riley Principal 150 Merger Corp. in a deal that values the combined companies at $1 billion (via Markets Insider). As a part of the deal, Faze Clan estimates it can get up to $291 million to help fund its growth, according to a post on Faze Clan’s website.

Faze Clan is known for its teams that compete in Call of Duty, Counter-Strike: Global Offensive, Fortnite, PlayerUnknown’s Battlegrounds, and more. With an audience of about 350…

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