FaZe Clan’s $75 million product licensing business could represent the future of esports
by Digiday
Digiday— As FaZe looks to escape the difficulties it experienced in the public market, its greatest strength might be a business unit that was already in action well before the acquisition: FaZe Clan’s product licensing business.
Drudge Report—Private equity’s latest trade: The financial futures of millions of retirees. Regulators and workers are worried, and recent lawsuits challenge the plans of AT&T, Lockheed and Alcoa to turn their pensions over to an insurer owned by Apollo.
Time—Here’s All the Countries With TikTok Bans as Platform’s Future in U.S. Hangs In Balance. Over 30 countries have imposed restrictions on the social media platform.
ETtech.com—Tribe Capital’s new SPV set to put $75 million more in Shiprocket. Silicon Valley-headquartered fund Tribe Capital is doubling down on ecommerce logistics startup Shiprocket through its newly set up special purpose vehicle (SPV) in India.Tribe’s cofounder, Arjun Sethi, told ET in an interaction that the SPV will not only invest in but also build and buy out companies here — a departure from the typical framework under which global venture capital firms operate in India.The SPV will invest $75 million in Shiprocket, where the fund is already the largest...