Skip to main content

Report reveals Ouya needs to find a buyer, and fast

ouya console controller
Image used with permission by copyright holder
Ouya, the Android-based video game console, is in trouble. After failing to restructure its debt, a leaked email from Ouya CEO Julie Uhrman obtained by Fortune revealed the company is in dire need of a buyer if it hopes to keep moving forward.

Even with the company’s $10 million investment from Alibaba in February and $15 million in investments from one of its funding rounds two years ago, Ouya still needs to recover an unspecified amount of investor capital. In order to do so, Uhrman explained in the email that Ouya, the company’s Android microconsole that shares the company’s name, still holds value, even when compared to the competition.

“We believe we’ve built something real and valuable,” wrote Uhrman. “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!”

With this value, Ouya hopes to recover investor capital through its agreements with Xiaomi and Alibaba, which will see Ouya’s library make its way to Xiaomi and Alibaba boxes in China. Unfortunately, the report insinuated that Ouya tripped a debt covenant. In other words, Ouya reached the point of no return financially, forcing the company to quickly find a buyer.

In the email, Uhrman hopes that interested parties would step up by the end of April, which is just a couple of days away.

Ouya officially launched in 2012 on Kickstarter, positioning itself as a way to play Android games on your TV, hence its Android microconsole classification. The console shipped to Kickstarter backers and became available to the masses in 2013, but it received a rather lukewarm reception. Unfortunately, with competitors like Razer, Nvidia, Amazon, and even Google, Ouya’s future doesn’t look bright.

Editors' Recommendations

Williams Pelegrin
Former Digital Trends Contributor
Williams is an avid New York Yankees fan, speaks Spanish, resides in Colorado, and has an affinity for Frosted Flakes. Send…
Metroid Prime 4: release date prediction, trailers, gameplay, and more
Closeup of Samus from Metroid Dread.

One of Nintendo's lesser-known yet still beloved franchises is Metroid -- a series that originally began on the NES, putting us in the shoes of bounty hunter Samus Aran. Now, over 35 years later, fans are eagerly awaiting the next entry in the series, Metroid Prime 4, which has been in the works for several years.

The Prime series takes the formula introduced in the 2D games and turns it into a 3D, first-person adventure that still very much feels like Metroid, despite the perspective shift. Hype for the next installment in the series has found new life now that the original Metroid Prime is available to play on the Nintendo Switch. While there isn't much we know about Metroid Prime 4, there are some small tidbits of information around the internet here and there. It's possible that Metroid Prime 4 could be one of the headline titles for the Nintendo Switch 2. We've scoured as much as we could find to bring you everything we know about Metroid Prime 4.
Trailers
Announcement trailer
Metroid Prime 4 - First Look - Nintendo E3 2017

Read more
First EA Sports College Football game in over a decade officially revealed
An Oklahoma football player with a hand on his fellow player's shoulder in College Football 25

College Football 25 | Official Reveal Trailer

"Finally, it is here," says the announcer in the first trailer for EA Sports College Football 25, kicking off the countdown to the release of the first College Football game in 11 years.

Read more
The best iPhone emulators
A collage of the delta emulator.

The market for iPhone games has become so wide and diverse that it can realistically compete with most console and PC offerings. Where we once only got cheap time-wasters, we now have complete experiences that don't feel any less impressive than what the competition offers. In fact, a lot of games made for consoles are appearing on the iPhone now that it is becoming so powerful. However, older games have paradoxically been mostly absent from the app store.

That all could be about to change as emulation is now allowed on iPhone, though with some caveats that any retro fan should know about before getting too excited to play all your favorite NES games on your phone. Here's what's up with iPhone emulators, as well as our picks for a few of the best ones you can get right now.
What you need to know about emulation on iPhone
Emulators on iPhone, as well as emulation in general, are in a strange legal gray zone. Previously, the only way to get an emulator on your iPhone was through some workarounds that generally involved jailbreaking your phone. That differs from Android, which has enjoyed native emulators for years. In 2024, Apple updated its App Store guidelines to allow for emulators on its store, but with some important restrictions.

Read more