#OUYA

Razer, who is best known for its gaming accessories, has been reported to have bought Ouya -- maker of the $99 Android console. Ouya started out as a successful project off Kickstarter. The bank's role reportedly acted as a financial advisor to Ouya Inc towards the transaction with Razer. Ouya has been concentrating on its software, while Razer has been non-stop on releasing new hardware. The next item on their list is Android gaming, and decided to collaborate with Ouya on their next venture. Two budding companies, different outcomes Though their project was successfully funded on Kickstarter, Ouya has not gained the traction that they were hoping for in the US since their USD99 gaming console began to hit the shelves last year. A much-needed shot in the arm for Ouya The recently-inked partnership with Xiaomi may just very well be the much-needed shot in the arm that Ouya has been looking for. For one, China is the third largest gaming market in the world and Xiaomi’s popularity in its homeland will certainly come in handy for the success of Ouya’s Android-based consoles. Read more in our articles including "Razer buys Android console-maker Ouya" and "Xiaomi to enter the Android gaming scene with Ouya".