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Razer Bankrupt

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. Razer currently still owes several thousand dollars to recent participants in the Babbages Counter-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 CPL having 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.

Steve Gibson is the cofounder of Originally known as sCary's Quakeholio back in 1996, Steve is now President of Gearbox Publishing after selling Shacknews to GameFly in 2009.

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