Razer developing a mobile device geared towards gaming

Razer developing a mobile device geared towards gaming

Expanding to mobile and listing IPO!
Min-Liang Tan, CEO and co-founder of Razer talks future of Razer

Min-Liang Tan, CEO and co-founder of Razer, avoided using the word “smartphone” but did confirm in an interview with CNBC that the company is developing a mobile gaming device. “One of the most hotly rumored things about Razer is that we’re coming up with a mobile device,” said the exec. “And I can say that we are coming up with a mobile device specifically geared toward gamers and entertainment.” Tan also stated that they are aiming for a 2017 release.

Rumors of a mobile device surfaced after its acquisition of smartphone manufacturer Nextbit at the beginning of the year. Further fuel was added when the company nixed support for Nextbit’s cloud-based Robin smartphone. The thought is that Razer would only shut down an acquired asset if it was working on a similar branded product. He did not reveal how much the IPO would yield but Reuters reported that the initial public offering would place the company on the market with a valuation of between $3 billion and $5 billion. The deal could raise about $400 million for the war chest.


SOURCE CNBC

Boris is GameNation South Africa’s chief editor and writer. Since the 90’s Boris has delved into the video game universe and has emerged victorious. Boris will play any type and genre of video game even the below par and unpopular games, but does prefer games that have a value in terms of story and production.

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