Ouya Near Sale, Says Reports

Los Angeles-based Android-based game console maker Ouya is nearing a sale of the company, most likely by game hardware maker Razer, according to reports. Those reports peg the sale price to be around $10M for Ouya, which had developed an Android-based game console to much acclaim, but then apparently triggered a debt covenant forcing the sale in April. Ouya had been venture backed by Kleiner Perkins Caufield & Byers, and including Mayfield Fund, NVIDIA, Shasta Ventures, and Occam Partners, and had raised over $8.6M on Kickstarter for its products.