Youth-Focused Digital Platform FaZe Clan Nears $1 Billion SPAC Deal

Youth-focused online platform FaZe Clan Inc. is nearing a deal to combine with a special-purpose acquisition company and go public with a roughly $1 billion valuation, people familiar with the matter said.

Based in Los Angeles, FaZe Clan markets itself as a leading online-gaming company and a brand created by young people that targets millennials and Gen Z consumers. Its business includes esports, merchandise and digital content. The company’s website says FaZe Clan has a global reach to a community of roughly 350 million people across its social-media platforms.

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