NewWorld.com, Inc., announced that its intellectual property, the Cyberathlete Professional League, has been acquired by an investment group based in the United Arab Emirates. Angela Summers, a spokesperson for the acquiring investment group, said, “We are planning to launch a new company which will be named “CPL Holdings, LLC” and will be headquartered in the United Arab Emirates. The new company will organize videogame tournaments worldwide.”
Summers continued, saying, “The CPL is a globally recognized brand that has more history in the videogame industry than all other leagues combined. We look forward to reintroducing gamers to a better, larger and more exciting CPL.”
Angel Munoz, the founder and former president of the CPL, said, “This acquisition is just the kind of positive support the international interactive entertainment industry needs. I look forward to seeing the CPL continue under new management, adding further accolades to its history.”
Founded in June 1997, the CPL is a pioneer in professional video game tournaments. Over the course of ten years, the league hosted 60 international main events, sanctioned 600 international qualifiers and awarded 3 million USD in cash prizes. It began as a small LAN event in Dallas and went on to initiate world-class competitions across five continents.