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
Come comment on this article: Cyanogen declines Google's interest in acquisition, will seek additional funding
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