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This article was published on April 28, 2015

OUYA is in desperate need of a buyer, according to leaked email

OUYA is in desperate need of a buyer, according to leaked email
Amanda Connolly
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Amanda Connolly

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Amanda Connolly is a reporter for The Next Web, currently based in London. Originally from Ireland, Amanda previously worked in press and ed Amanda Connolly is a reporter for The Next Web, currently based in London. Originally from Ireland, Amanda previously worked in press and editorial at the Web Summit. She’s interested in all things tech, with a particular fondness for lifestyle and creative tech and the spaces where these intersect. Twitter

Gaming startup OUYA is in dire need of a buyer after failing to restructure its debt, according to Fortune.

A confidential – but leaked – email sent by the company’s CEO Julie Uhrman to investors and advisors is the source of the report.

OUYA’s press representatives told TNW that they have “no comment to make at this time.”

OUYA raised $10 million from Alibaba in February, but Fortune’s Dan Primack reports that it unsuccessfully attempted to restructure after securing venture debt from TriplePoint Capital.

The company was launched in 2012 by Yves Behar and Julie Uhrman to create a new games console, relying on open development for its titles.

As it stands OUYA has over 1,000 apps and 40,000 developers involved as well as a competitively large library of Android TV content which can be downloaded and streamed in 1080p HD quality.

These could potentially be the redeeming features that make the company appealing to potential buyers.  

➤ Exclusive: Gaming startup OUYA needs to find a buyer quickly [Fortune]