Ouya, the company behind the $99 Android gaming console has reportedly been acquired by gaming hardware maker Razer. As there were rumors that Ouya has been looking for a buyer, apparently they had done enough to attract interest and that company was Razer. There is no official word on the deal yet, but the investment bank Mesa Global has accidentally confirmed that the deal is done, with the bank acting as the advisor to Ouya during the sale.
Since confirmation of this report, Mesa Global has taken down their confirmation, but not before it was spotted by our source. Ouya was launched as a startup company on Kickstarter back in 2012, and managed to raise more than $9 million in funding for its Android based gaming console. Ouya was the one of the first companies that made an Android gaming console, even before the Android TV was released, which also brought Android gaming to your TV. Since being released on Kickstarter, Ouya had high hopes for success with the massive amount of early adopters, but it just never gained a foothold in the market due to a lack in gaming titles.
Ouya has really focused on its software department making its game store available to the third-party gaming consoles. Despite the effort to fix their software, Ouya still struggled. The company was also reportedly dealing with a lot of debt and was unable to raise funding for further expansion of their product.
Razer has also released their own gaming console running Android, but isn’t doing any better. This step of Razer may explain that the company wants to try its hand in the console industry and isn’t ready to give up anytime soon.
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