wraggster
April 29th, 2015, 20:28
The company behind micro-console Ouya is up for sale, according to a report citing a confidential email from CEO Julie Uhrman.
Fortune (http://fortune.com/2015/04/28/exclusive-gaming-startup-ouya-needs-to-find-a-buyer-quickly/) sources claim to have obtained an internal company email where Uhrman states that investment bank Mesa Global has been brought on to manage the sale, with the firm's current focus to “recover as much investor capital as possible.”
Ouya has yet to comment on the report at time of publication.
The Android powered micro-console launched at retail in June 2013, following a massively successful Kickstarter campaign that raised more than $8.5m as well as a venture capital funding round that brought in an additional $15m (http://www.mcvuk.com/news/read/ouya-secures-15m-in-additional-funding/0115347).
Last year, Ouya announced plans to bring its digital platform of games to hardware outside of its own. The company later backed up that statement, partnering with Xiaomi (http://www.mcvuk.com/news/read/ouya-signs-chinese-distribution-agreement/0137392) to add Ouya features to the Chinese firm's set-top boxes as well as receiving a $10m investment from Alibaba (http://www.mcvuk.com/news/read/ouya-scores-10m-alibaba-investment-report/0144566) to bring the gaming platform to its set-top hardware.
http://www.mcvuk.com/news/read/ouya-up-for-sale-aggressively-seeking-buyer-report/0148702
Fortune (http://fortune.com/2015/04/28/exclusive-gaming-startup-ouya-needs-to-find-a-buyer-quickly/) sources claim to have obtained an internal company email where Uhrman states that investment bank Mesa Global has been brought on to manage the sale, with the firm's current focus to “recover as much investor capital as possible.”
Ouya has yet to comment on the report at time of publication.
The Android powered micro-console launched at retail in June 2013, following a massively successful Kickstarter campaign that raised more than $8.5m as well as a venture capital funding round that brought in an additional $15m (http://www.mcvuk.com/news/read/ouya-secures-15m-in-additional-funding/0115347).
Last year, Ouya announced plans to bring its digital platform of games to hardware outside of its own. The company later backed up that statement, partnering with Xiaomi (http://www.mcvuk.com/news/read/ouya-signs-chinese-distribution-agreement/0137392) to add Ouya features to the Chinese firm's set-top boxes as well as receiving a $10m investment from Alibaba (http://www.mcvuk.com/news/read/ouya-scores-10m-alibaba-investment-report/0144566) to bring the gaming platform to its set-top hardware.
http://www.mcvuk.com/news/read/ouya-up-for-sale-aggressively-seeking-buyer-report/0148702