Skillz to go public with merger
September 2, 2020
Skillz, a mobile games platform connecting players in fair, fun, and meaningful competition, and Flying Eagle, a publicly-traded special purpose acquisition company, have agreed to a business combination that will result in Skillz becoming a publicly-listed company.
Skillz is powering tournaments for thousands of game developers around the world, expanding and leading growth in the mobile gaming market. It is anticipated that in 2020, Skillz’s patented technology will power over two billion casual eSports tournaments and facilitate $1.6 billion in paid entry fees for games hosted on its secure and proprietary platform.
“Today we’re a leader in casual esports and are well positioned to capture the global esports opportunity which will increasingly define the gaming market,” said Andrew Paradise, CEO and Founder of Skillz. “Skillz fulfills the human desire for community and competition and is shaping the future of interactive entertainment.
“I’ve been active in the evolution of gaming for 20 years, from ZeniMax to DraftKings, and I believe Skillz has positioned itself as the platform for the future of gaming, where entertainment, gaming, and enablement converge,” said Flying Eagle Chairman and CEO, Harry E. Sloan.