Ouya Desperate For Buyers As Debts Mount

OUYA-console-and-controller

Micro-console manufacturer Ouya is currently struggling with heavy debt and is looking to find a buyer by the end of this month.

The news comes via Fortune.com, who obtained a leaked email confirming that the micro-console company is now looking for buyers to help settle its debt.

This isn’t the first time that Ouya has gone out looking for buyers. Reports from September last year revealed that the company was seeking potential buyers through several Chinese and United State companies. Whilst there was some reported “engagement” with Google and Amazon, it would appear that Ouya wasn’t successful.

“Given our debtholder’s timeline, the process will be quick,” Uhrman announced in the email. “We are looking for expressions of interest by the end of this month.”

Since a successful Kickstarter campaign that managed to raise over $8.5m in 2012, the company has struggled with keeping consumer interest. It is said that the limited library of games available on day one was one of the reasons why the console struggled in the market, and the company suffered a further setback after a scheme to match funding for Kickstarter projects became tainted controversy and accusations that the initiative was being exploited by developers.

Despite these setbacks, Uhrman appears to be optimistic about the company’s future; in the internal document she states that since launch, the console’s catalog has grown immensely. “I continue to read the tweets and emails of our fans who play Ouya every day, and our catalogue is now over 1000 apps and 40,000 developers,” Uhrman wrote. “We have the largest library of android content for the TV (still more than Amazon) – Hells yeah!”

We’ll bring you more coverage as the events unfold. In the meantime, be sure to follow us on Facebook and Twitter to keep up to date.

Jason English

Jason English

Contributor
Animator by day, Gamer by night. Likes to imagine he's a super famous games journalist. Jason hails from down under and has a love for RPGs, Survival Horror and third-person shooters. Jason has also heard every possible joke you can make in regards to his last name.
Jason English
@Maximus_Honkmus No Multiplayer Buy https://t.co/1diwEYfVjM - 8 months ago
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