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Razer Bankrupt

Mar 12, 2001 12:58pm CST tags: CPL, Industry News: PC & Console
Razer, creator of the Boomslang "gamers mouse" has gone bankrupt according to a report on ShackES.Razer was targetted at the hardcore gamer and was an avid supporter of the CPL. Razercurrently still owes several thousand dollars to recent participants in the BabbagesCounter-Strike tournament.

Confirmation came from the mouth of the CEO herself - according to my source - who said that an investor backed out recently, and that Razer (and the parent company, Karna) was unable to stay afloat without the support

However a couple of days ago (in an entirely different thread) when the topic of CPLhaving troubles finding other backers was mentioned, the CEO of CPL Angel Munoz had this to say:.

We are up to almost $300,000 in cash prizes just for the US events (one more to be announced), add the international events and that number increases to $450,000 in cash. I think that says it all.

        

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