(GotFrag) August 25, 2008 - After announcing in March that the CPL was closing its doors, the league has announced that it has been acquired by an investment group and will be announcing more information before the end of September 2008. Below is an excerpt from the announcement on the CPL website.

Middle Eastern Investment Group Acquires CPL

Monday 25 August 2008 – Abu Dhabi, United Arab Emirate and Dallas, Texas, USA – NewWorld.com, Inc., a leader in the interactive entertainment industry in the USA has announced that its intellectual property, Cyberathlete Professional League® (CPL) has been acquired by an investment group based in the United Arab Emirates.

Ms. Angela Summers, a spokesperson for the acquiring investment group, said, “We are planning to launch a new company which will be named “CPL, LLC” and will be headquartered in the United Arab Emirates. The new company will organize videogame tournaments worldwide.”

The remainder of that announcement can be found HERE