It seems that the troubled Ouya Android games console that was initially launched via a successful Kickstarter campaign that raised its developers an impressive $8.5 million in pledges from backers, and later raised a further $25 million in funding.
Is once again in trouble and looking for a fast sale to help keep the company afloat. The news of the imminent sale has been leaked via a confidential email that was sent to Fortune.com, revealing the company’s troubles and increasing debt.
Within the internal email created by Ouya CEO Julie Uhrman, she explains how the company has unsuccessfully restructured its debit in recent negotiations and is now searching for a quick sale. The email reads:
“Given our debtholder’s timeline, the process will be quick. We are looking for expressions of interest by the end of this month,”-“Our focus now is trying to recover as much investor capital as possible,”
“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. We have the largest library of Android content for the TV (still more than Amazon) — hells ya!”
For more information on the news about Ouya jump over to the Fortune website for details via the link below.
Source: Fortune
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