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

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. TNW has contacted both Uhrman and OUYA’s press representatives for comment. 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…

This story continues at The Next Web

from The Next Web http://ift.tt/1DxJKWU
via IFTTT