Razer grabs the struggling Ouya Android microconsole, investment bank confirms

It’s the end of the line for “The People’s Console” — at least as a standalone company.

This morning, the investment bank Mesa Global confirmed that gaming hardware maker Razer has acquired Ouya, the one-time Kickstarter darling that has since fallen on hard times as it struggled to find gamers interested in buying its Android microconsole or developers willing to make games for it. Liliputing first saw the news. Debt holders triggered the sale, a source told us last week when we first heard rumblings of the acquisition, and it said it would cost somewhere around $10 million to buy out those debt holders.