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Report: Ouya is up for quick sale

Report: Ouya is up for quick sale

April 28, 2015 | By Alex Wawro




Newsbrief: According to Fortune, Ouya is reportedly up on the auction block and aiming for a quick sale in order to make good on its debt to investors.

Fortune claims to have gotten hold of a confidential email sent by Ouya chief Julie Uhrman to company investors confirming the planned sale and stating (in part) that "we are looking for expressions of interest by the end of this month," and "our focus now is trying to recover as much investor capitol as possible."

Investment bank Mesa Global is reportedly overseeing the sale. 

If the report is accurate, it suggests that Ouya is carrying more debt than it was able to offset with the $10 million investment it reportedly received from Chinese internet giant Alibaba earlier this year.

An Ouya representative has told Gamasutra that "we don't have any comment to make at this time" regarding the reported sale.



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