Embattled gaming company Ouya might be in even more trouble: according to a leaked memo, it's putting itself up for sale in order to cut back its debt. Fortune reports that Ouya CEO Julie Uhrman sent a memo to investors and advisers earlier this month, saying that the company had failed to satisfy one of its investors' conditions and that renegotiation over the debt had been unsuccessful. In order to make up the shortfall, Ouya would have to find a buyer quickly. "We are looking for expressions of interest by the end of this month," she reportedly wrote.
In 2012, Ouya ran a phenomenally successful crowdfunding campaign for its tiny Android gaming console, raising $8.5 million. The Ouya's sleek design, low price, and promised...
Source: The Verge - All Posts http://j.mp/1Jyk7ha
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