More info is available at Polygon:<p><a href="http://www.polygon.com/features/2015/7/27/9046895/razer-ouya-android-why" rel="nofollow">http://www.polygon.com/features/2015/7/27/9046895/razer-ouya...</a>
The Techcrunch article linked in this article has a lot more details, including statements that sound a lot like "your Ouya console will be useless in 12 months - go get a Razer Forge box after that."
I actually think the Ouya was a very nice idea, and clearly so did a lot of people who backed it. The execution was awful on so many levels, but there will probably be room in the market for something like this once the console market is done shifting => non-existent. I would guess it will be part of something like the Apple TV box though.
Damn, i did not know Ouya was still relevant. I had assumed that the idea had fallen down to obsolescence land. Jokes on me though, they just pulled in 10M.
Url changed from <a href="http://www.gamasutra.com/view/news/249573/Ouya_buyout_confirmed_as_CEO_leaves_company.php#.VbZLPu36O90.twitter" rel="nofollow">http://www.gamasutra.com/view/news/249573/Ouya_buyout_confir...</a>, which points to this.