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Complexity Gaming esports organization sold for $10.36 million

Original parent company GameSquare has completed the sale of multi-game esports org Complexity Gaming to Global Esports.

Donovan Erskine

March 5, 2024 11:55 AM

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There was a major shake-up this week in the esports world with the news that last friday, GameSquare agreed to sell Complexity Gaming to Global Esports for $10.36 million. This comes less than three years after GameSquare acquired Complexity Gaming for $27 million.

GameSquare shared an official press release to announce the sale of Complexity Gaming to Global Esports. The move puts ownership back in the hands of Jason Lake, CEO and cofounder of Complexity. Global Esports is a competitor across multiple esports and is most known for its teams in shooters like Counter-Strike and Rainbow Six Siege.

GameSquare CEO provided the following statement on the sale:

The news of the sale comes right on the heels of GameSquare’s acquisition of FaZe Clan, one of gaming’s most recognizable brands. Stay right here on Shacknews for the latest stories in the esports business.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_