Razer confirms Ouya takeover: What does this mean for microconsoles?

Razer has confirmed that is has acquired Ouya, little over a month after details about a potential buyout first emerged.

The microconsole maker's founder Julie Uhrman confirmed the news on Twitter and also announced that she would be leaving as a result.

Razer has not disclosed the exact financial details of the deal, but has revealed its intentions for the company - notably that Ouya's existence as a console may be coming to an end.

"While Razer is not retaining interest in OUYA hardware or related other assets, it does plan to publish Android TV content and Android-based TV console games under the OUYA moniker as a separate interest," it said in a statement.

Instead, existing users and content will be migrated to Razer's own Forge TV microconsole and Serval controller bundle. Meanwhile, the Ouya store will be re-launched as Cortex for Android TV.

.@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

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"Razer has a long-term vision for Android TV and Android-based TV consoles, such as the Xiaomi Mi Box and Alibaba Tmall Box, to which OUYA already publishes," Razer co-founder and CEO Min-Liang Tan said.

"OUYA's work with game developers, both triple A and indies, went a long way in bringing Android games to the living room and Razer intends to further that work. This acquisition is envisaged to usher more developers and content to the Android TV platform."