Cyanogen declines Google’s interest in acquisition, will seek additional funding

October 2, 2014

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Google wants Cyanogen. So does everyone else, but no one will be purchasing the software developer for the foreseeable future. Rather than being acquired by the very interested Sundar Pichai at Google (or any other company), Cyanogenmod is focused on keeping its software open.

Shareholders are being told that Cyanogen is going to seek a $1 billion valuation in its next round of funding. It is a bit surprising to see a massive valuation like that when just $30 million was brought in last year.

On the heels of being a software partner for OnePlus, Cyanogen is reportedly going to provide software for Micromax devices. Another partnership is sure to help Cyanogen's position as a viable operating system.

Source: The Information
Via: Engadget

Justin Herrick Author

Born and raised in New Jersey, Justin is a graduate of Fairleigh Dickinson University where he studied marketing with a focus on digital marketing. He's very talkative and enjoys discussing anything from technology and sports to video games and television. As for Justin's current device rotation, he carries around the Google Pixel and Nexus 9. In the rare case that his phone or tablet is not in his hand, he is either flicking through cards on his Moto 360 (2015) or typing away on the Microsoft Surface Book. Justin is patiently waiting for the day that Google replicates the Galaxy Nexus with modern day specifications.