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Microconsole company Ouya is for sale

Gaming company is put on the auction block.

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It seems that Ouya has ran into some financial troubles, and is forced to be auctioned off. According to Fortune, company CEO Julie Uhrman announced this in a confidential email sent to investors and advisors. She wrote they're now trying to recover as much investor capital as possible, while at the same time noting the console's extensive line up for different applications:

"We believe we've built something real and valuable. I continue to read the tweets and emails of our fans who play OUYA every day, and our catalog is now over 1,000 apps and 40,000 developers."

Ouya was originally funded via Kickstarter, where it gathered over $8.5 million from over 60 000 backers. Fortune also reports that the company raised over $15 million in 2013 from investors such as Kleiner Perkins, Mayfield Fund, Occam Partners, Shasta Ventures and NVIDIA. After that the company seized venture debt from TriplePoint Capital. How much was raised is still unknown, but the unsuccessful negotiations of these debts are the cause for Ouya's current issues.

Microconsole company Ouya is for sale


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