FAZE3Q

Feb 20 (Reuters) - Faze Three Ltd FAZE.NS:

• FAZE THREE LTD - SOLD A NON-CORE ASSET AT PANIPAT, HARYANA FOR 93 MILLION RUPEES

Source text: ID:nNSE6X0vWy

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Faze Three Ltd FAZE.NS:

• FAZE THREE MARCH-QUARTER CONSOL PROFIT 89.2 MILLION RUPEES VERSUS PROFIT 148.3 MILLION RUPEES

• FAZE THREE MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.64 BILLION RUPEES VERSUS 1.42 BILLION RUPEES

Source text for Eikon: ID:nBSE51835h

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Feb 2 (Reuters) - Faze Three Ltd FAZE.NS:

• FAZE THREE DEC-QUARTER CONSOL PROFIT 127.1 MILLION RUPEES VERSUS 145.1 MILLION RUPEES

• FAZE THREE DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.38 BILLION RUPEES VERSUS 1.32 BILLION RUPEES

Source text for Eikon: ID:nBSE2RwdTp

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Nov 6 (Reuters) - Faze Three Ltd FAZE.NS:

• INDIA'S FAZE THREE LTD SEPT-QUARTER PROFIT 121.8 MILLION RUPEES VERSUS 142.7 MILLION RUPEES

• FAZE THREE LTD SEPT-QUARTER REVENUE FROM OPERATIONS 1.28 BILLION RUPEES VERSUS 1.35 BILLION RUPEES

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Oct 20 (Reuters) - Faze Holdings FAZE.O, the esports company that was once valued at $1 billion, is being bought by peer GameSquare GAME.V in an all-stock deal after mounting losses slammed its share price.

The companies did not disclose the financial details of the deal in a joint announcement on Friday, but Bloomberg News reported that it was worth around about $17 million.

The move caps a tumultuous ride for Faze that went public in 2022 through a blank-check merger only to lose most if its valuation over the course of more than a year. The company had a market value of just $14 million, as of last close.

It was initially valued at $1 billion in the SPAC deal, but the figure was later reduced to $725 million.

GameSquare, which is backed by Dallas Cowboys owner Jerry Jones, will own about 55% of the combined company, while current Faze investors will own the remainder.

More popularly known as Faze Clan, the esports brand shot to prominence more than a decade ago when its founding members attracted millions of viewers to YouTube gameplay videos of "Call of Duty".

The deal will bring back some of the founders of Faze back to the company, with Richard Bengtson taking the mantle of CEO of Faze, which will be an independent division of GameSquare.

Faze, whose loss widened to $168 million in 2022 from $36 million a year ago, ousted former CEO Lee Trink in September.

The deal is expected to close in the fourth quarter of 2023 and GameSquare sees over $18 million in cost savings from the purchase.

The boards of the both the companies have approved the deal.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shailesh Kuber)

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Aug 11 (Reuters) - Faze Three Ltd FAZE.NS:

• JUNE-QUARTER CONSOL PROFIT 123.7 MILLION RUPEES VERSUS PROFIT 145.9 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.29 BILLION RUPEES VERSUS 1.47 BILLION RUPEES

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May 23 (Reuters) - Faze Three Ltd FAZE.NS:

• TO CONSIDER PROPOSAL FOR BUYBACK OF SHARES

Source text for Eikon: ID:nBSE7DvQc6

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