Mobile games platform Skillz will partner with Flying Eagle Acquisition Corp. to go public.
The company powers more than 2 billion esports tournaments for thousands of game developers around the world, expanding opportunities in the mobile gaming market. In 2020 alone, the company will facilitate $1.6 billion in entry fees.
Mobile gamers represent the fastest-growing segment with anticipated increase from $68 billion in 2019 to $150 billion in 2025 according to Newzoo and GlobalData.
“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,” said Flying Eagle Chairman and CEO, Harry E. Sloan.
“Becoming a public company is an important milestone for Skillz,” added Paradise. “We look forward to accelerating growth as we work with our developer partners to bring Skillz-powered competitions to every kind of game for billions of gamers worldwide.”
