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| (Image Source: Facebook/Galaxy Racer) |
DreamFyre Group, a rising eSports and gaming powerhouse in the Philippines, has officially announced a majority stake acquisition by fast-growing global eSports agency Galaxy Racer Holdings Limited. This paves the way for DreamFyre to boost its local expansion and fast track operations in two Southeast Asian markets. It will also enable the group to better service local Filipino gaming content creators and professional gamers with more robust and global career development portfolios.
"The vision of DreamFyre has always been to become a global eSports and gaming agency, to bring Filipino talent into the global stage; and now with the infusion of funds, support, network and resources by Galaxy Racer, we're sure to able to bring that vision into reality in a much shorter time frame rate. DreamFyre is incredibly pleased to join the Galaxy Racer family," said DreamFyre CEO Mitch Esguerra. On the other hand, Galaxy Racer CEO Paul Roy said, "This acquisition in DreamFyre further reinforces our plans for building a complete ecosystem around eSports, entertainment, lifestyle and content. GXR DreamFyre will benefit from Galaxy Racer's international experience and resources and we are committed to this acquisition to fund the growth and support the vision the founders have set for GXR DreamFyre."
With this acquisition, GXR DreamFyre will now be able to connect Filipino gaming content creators and professional gaming athletes to a global advertiser base with a rapidly growing reach of more than 70 million followers across its social media platforms. This takes the local eSports industry to a whole new level as the joint operations of the two companies now spans 22 countries across the globe. GXR DreamFyre's eSports teams will surely be one to watch out for in upcoming professional gaming tournaments including the UE eSports Warriors now known as the DreamFyre Team which is a 2019 PUBG ECL Korea Top 13 Finalist, 2019 ECL PUBG Finalist and 2020 National Intercollegiate Cyber League (NICL) Valorant Tournament Top 4 finalist.
