CEO and co-founder Julie Uhrman leaves Ouya as Razer confirms an all-cash acquisition
Back in April we reported that Ouya needed to find a buyer fast due to its failure to restructure its debt repayments to an investment company called TriplePoint. This was despite receiving a $10 million investment received from the Chinese company, Alibaba. Shortly after, there were rumours that the computer and gaming accessory maker, Razer, were interesting in acquiring Ouya. Confirmation that Razer had indeed acquired Ouya was posted and then swiftly removed on the website of the investment bank, Mesa Global.
.@Razer Can’t wait to see what you do. Take care of my incredible team and community…I know you will.
— Julie Uhrman (@juhrman) July 27, 2015
Now, we have Ouya’s co-founder and CEO, Julie Urhman, announcing her departure from the company via Twitter, as well as asking Razer to look after her people and community. In all, she spent well over an hour on Twitter thanking everyone involved.
.@juhrman OUYA was a once in a lifetime experience. Now, I’m off to find the next…stay tuned!
— Julie Uhrman (@juhrman) July 27, 2015
As for Razer, the company has confirmed to TechCrunch that it has purchased Ouya, although no numbers were mentioned. Razer founder, Min-Liang Tan did reveal the acquisition was a cash deal, though, with the result that Ouya’s venture capital investors have been repaid.
So what exactly is Razer getting for its undisclosed sum of cash? Well, it has acquired Ouya’s technical and developers relations teams as well as Ouya’s software assets. Razer did not, however, opt to purchase Ouya’s hardware division. Razer plans to integrate Ouya’s games, controllers and accounts into its Cortex TV gaming platform, re-branding Ouya’s store as Cortex for Android TV along the way.
Owners of Ouya units will be pleased to find out that Razer plans to support the console for at least another 12 months, offering freebies, giveaways and other promotions to Ouya owners to tempt them over to its Forge Android TV device.
Let us know your thoughts about Razer acquiring Ouya in the comments below.
Source: Julie Urhman (Twitter)
Via: Engadget, TechCrunch
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