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Former Kickstarter success story Ouya is up for sale

  • Posted byby Mike Minotti
  • Updated
  • 1 min

From crowdfunding darling to horribly in debt.

Ouya, the company behind the Android-based microconsole of the same name, tripped a debt covenant (which means they violated the terms of a loan agreement) and is now on an auction block, according to Fortune. We do no know what the asking price is, but investment bank Mesa Global will handle the process.

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Written by

Mike Minotti

Mike Minotti has been with GamesBeat since 2012, starting as an intern. Based near Youngstown, Ohio, he now manages GamesBeat's editorial team. He's also a prolific podcaster, appearing on multiple shows covering the gaming industry.