Former Complexity shareholders will own 47% and invest additional $8.5 million into Gamesquare
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Two notable esports companies have combined as Canada-based GameSquare acquires US firm NextGen Tech, which trades as Complexity Gaming.
The all-stock transaction gives GameSquare 100% ownership of Complexity and values the company at around $33 million.
The combined company is expected to generate $28 million in revenue in 2022.
Former Complexity shareholders — which includes Dallas Cowboys owner Jerry Jones, his investment partner John Goff, and Complexity founder and CEO Jason Lake — will own 47% of GameSquare going forward.
Jones and Goff acquired a majority stake in Complexity back