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Manila Bulletin devider Business devider DreamFyre to go global with entry of Galaxy Racer

DreamFyre to go global with entry of Galaxy Racer

Published Feb 9, 2021 05:00 am

Global eSports firm Galaxy Racer Holdings Limited is acquiring a majority stake in the DreamFyre Group, the Philippines’ rising eSports and gaming powerhouse.

In a statement, DreamFyre said this move by Galaxy Racer paves the way for DreamFyre to boost its local operations, and fast track expansion into two other South East Asian markets, targeted within the year.

The deal will also enable DreamFyre to better service local Filipino Gaming Content Creators and Pro Players 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 onto the global arena; and, with this infusion of funds, support, network, and resources by Galaxy Racer, we’re sure to be able to bring that vision into reality in a much shorter time frame.

DreamFyre is incredibly pleased to join the Galaxy Racer family,” said DreamFyre Chief Executive Mitch Esguerra.

With this acquisition, GXR DreamFyre, with a rapidly growing exclusive reach of more than 70 million across social media platforms, will now be able to connect Filipino Content Creators and Pro Players into a global advertiser base.

This takes the local eSports industry to a whole new level, as the joint operations of both companies now span across 22 countries.

“DreamFyre’s portfolio will now continually grow as we boost local operations and expand to new game titles and markets, especially that we’re enabled by Galaxy Racer to create better offers to the Content Creators and Pro Players that have trusted us from the start,” Esguerra added.

Galaxy Racer Chief Executive Paul Roy said “This acquisition in DreamFyre further reinforces our plans for building a complete ecosystem around eSports, entertainment, lifestyle, and content.”

He added that, “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.”

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DreamFyre Group Galaxy Racer Holdings Limited
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