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By GaryOPA
CEO claims there is big interest on Ouya from China, after putting the company up for sale
It's basically all over for Ouya, the little console that tried so hard, and have millions of people backing it on KickStarter, now the execs want to sell it all off, leaving it to become history soon
Everyone here remembers all the hype around Ouya when it appeared on Kickstarter, it raised millions within no time at all, and then there was production delays, and company raised more money via other means, and then it sold like hot-cakes when it arrived in stores finally, but now its all game over now for Ouya, we have not heard much about it for a while, and now they want to sell off the company.
Ouya, the maker of a low-cost Android-based gaming console of the same name, has been engaged in preliminary acquisition talks with multiple big players in China, as well as a few here in the U.S., according to several sources close to the situation.
Sources said the talks are early, but that the company considers it one of its more likely options rather than raising more money. There are no current offers on the table, said sources, but the talks are proceeding.
The companies that Ouya has had discussions with include Xiaomi, Tencent and others in China; there has also been some engagement with Google and Amazon.
The Chinese option is interesting since that country lifted a ban on consoles earlier this year, which had been in place since 2000. The move, part of its efforts related to its free-trade zone in Shanghai, has caused firms there to figure out their strategy in the space, including making their own units as well as buying existing technology like Ouya's.
Sources tell Re/code that the acquisition would be for staff talent more than the company's console product, which has not found much traction with gaming consumers after it launched last year. While Chinese companies could make their own consoles, sucking up a company like Ouya would move it forward quickly.
So sadly if you are an Ouya owner, or one of its original Kickstarter backers, you can be proud to know you now own a piece of 'gaming failure' history, maybe if you save it in cold storage for 50 years, it will be worth something on eBay to retro-history collectors!
NEWS SOURCE #1: The stillborn revolution: Ouya fails to sell, developer seeks buyout (via) ExtremeTech
NEWS SOURCE #2: Android Game Console Maker Ouya in Sale Talks With Chinese Internet Giants (via) ReCodeNet
CEO claims there is big interest on Ouya from China, after putting the company up for sale
It's basically all over for Ouya, the little console that tried so hard, and have millions of people backing it on KickStarter, now the execs want to sell it all off, leaving it to become history soon
Everyone here remembers all the hype around Ouya when it appeared on Kickstarter, it raised millions within no time at all, and then there was production delays, and company raised more money via other means, and then it sold like hot-cakes when it arrived in stores finally, but now its all game over now for Ouya, we have not heard much about it for a while, and now they want to sell off the company.
Ouya, the maker of a low-cost Android-based gaming console of the same name, has been engaged in preliminary acquisition talks with multiple big players in China, as well as a few here in the U.S., according to several sources close to the situation.
Sources said the talks are early, but that the company considers it one of its more likely options rather than raising more money. There are no current offers on the table, said sources, but the talks are proceeding.
The companies that Ouya has had discussions with include Xiaomi, Tencent and others in China; there has also been some engagement with Google and Amazon.
The Chinese option is interesting since that country lifted a ban on consoles earlier this year, which had been in place since 2000. The move, part of its efforts related to its free-trade zone in Shanghai, has caused firms there to figure out their strategy in the space, including making their own units as well as buying existing technology like Ouya's.
Sources tell Re/code that the acquisition would be for staff talent more than the company's console product, which has not found much traction with gaming consumers after it launched last year. While Chinese companies could make their own consoles, sucking up a company like Ouya would move it forward quickly.
So sadly if you are an Ouya owner, or one of its original Kickstarter backers, you can be proud to know you now own a piece of 'gaming failure' history, maybe if you save it in cold storage for 50 years, it will be worth something on eBay to retro-history collectors!
NEWS SOURCE #1: The stillborn revolution: Ouya fails to sell, developer seeks buyout (via) ExtremeTech
NEWS SOURCE #2: Android Game Console Maker Ouya in Sale Talks With Chinese Internet Giants (via) ReCodeNet
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