Razer in Talks to Buy Struggling Ouya - Report

Ouya is seeking a buyer, and PC gaming giant Razer is now reportedly in "advanced" discussions with Ouya to buy it out for a figure in the $10 million range, according to a new report from GamesBeat.

Citing a "reliable source," the site reports that Ouya's debt holders are spurring the sale, explaining that it would cost around $10 million to buy them out.

GameSpot sister site CNET and TechCrunch also report that Razer is interested in making a deal for Ouya, creator of the Android-powered microconsole of the same name.

For its part, Razer recently announced its own Android-powered microconsole called Forge. Buying out Ouya would potentially give Razer access to Ouya's games, some of which are exclusive, and could help the company's console differentiate itself from Amazon's Fire TV or the Shield set-top box from Nvidia.

Razer said in a statement, "We do not comment on speculation or rumors and will reach out if and when we have substantive information to share." Ouya has not commented on the matter.

After raising more than $8 million through a Kickstarter campaign in 2012, the Android-based microconsole launched in 2013, but has yet to catch on in a major way. Since then, Ouya has attempted to expand its operations by offering its games on third-party devices.