Gaming accessory maker Razer has acquired Android game console maker Ouya. Rumors had suggested Ouya was looking for a buyer, and recently we’d heard that Razer was close to reaching a deal to acquire the company.
Now investment bank Mesa Global has confirmed that the deal is done, with the bank acting as and advisor to Ouya during the sale.
Ouya was one of the first companies to launch a video game micro-console running Google Android software. The $100 box was a crowdfunding success story when it was first announced in 2012, but by the time it launched in mid-2013, the hardware was a little dated and the selection of games was limited.
The Ouya team has focused more on software than hardware for the last few years, making its game store and user interface available for third-party game consoles and introducing a subscription-service that lets you play a selection of games for an annual fee.
But the company has been running low on funds while it tries to find a business model that works… and now it has to compete with newer hardware from companies including NVIDIA and Razer.
In fact, Razer launched its own micro-console this year. The Razer Forge TV is a $100 box that runs Android TV software. Connect it to a TV and you can stream media, play Android games, or even stream some PC games over your home network from a gaming computer.
But the Razer Forge TV has received lousy reviews, which could explain why the company’s interested in acquiring a company that has been working to bring Android games to the living room longer than just about anyone else.
thanks Victor C!
There's usually a bit of a risk with purchasing refurbished products -- basically you're spending money on a device that …
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