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According to a source, Weller botched a possible acquisition deal with Chinese company LeSports before leaving the company last week. Another source inside the company said at the time Weller did not ruin the relationship with LeSports and that the deal might still happen now that the former CEO was out of the picture.
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"According to a source" is not a definitive decision to where the company is heading. Besides, the article also mentioned on the dismissal of Weller;
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However, Weller counters that story, telling TechCrunch he and his brother were forced out of the company after investors disagreed with the LeSports deal he brought to the table, opting instead for an inside round. Another source familiar with the matter confirms his story that he brought in the LeSports deal but said Skully was rapidly running out of cash and it was down to the eleventh hour determining if the numbers added up.
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And the addition of how the board saw Weller;
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Adding to that, we’ve been told the board thought Weller has been so difficult to deal with since leaving, they now don’t see the point in salvaging the company he started.
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There are too many contradictions in this article. Weller was said to have botched a deal but he said that the deal was rejected and informed that he was kicked out instead...
The board said that Weller is difficult to deal with after leaving and another "source" said that some investors are thinking it's better to shut down the whole company instead. I do not think they are serious about "putting the company up for sale".