Microsoft Reported To Not Be Investing In Cyanogen As Current Funding Round Nears Completion

Back towards the end of January, a very interesting rumor started to emerge. In short, the suggestion was Microsoft were preparing to invest in Cyanogen. At the time, this sparked instant speculation and sent the rumor mill into overdrive. The idea behind the two companies coming together (in any sense) was being seen as a significant move. Not to mention, one which was being assumed as a joint maneuver against Google. Cyanogen had been reported to of wanted to offer a more Google-free android operating system and it was thought Microsoft might see a benefit in such a concept.

That said, the rumors of the two companies collaborating were slightly overblown, to say the least. It was being reported that Microsoft was planning on investing in Cyanogen. Although, the investment was being noted as a ‘minor investment’ and was not exactly the one-to-one type of transaction many may have thought it to be. Instead, the investment was part of the fundraising round which Cyanogen are currently undertaking. As such, a number of companies are expected to be part of the overall investment, with Microsoft simply being one of them.

Well, the latest news on this story comes from Bloomberg (source link below) who is now currently reporting that Microsoft have decided not to invest in Cyanogen, in the current fundraising attempt. There is no confirmation on this from either Microsoft or Cyanogen and instead, Bloomberg report being informed by a source ‘familiar with the matter’, who is confirming Microsoft’s change of mind. That said, the same sources are also suggesting that regardless of whether Microsoft invest in Cyanogen, they are still interested in some form of a commercial deal with Cyanogen. This is said to be with a focus on incorporating their software on Cyanogen powered devices in the future. In terms of the actual funding round, the report also suggests that Cyanogen are close to securing $110 million in funding from investors, which could value the company in excess of $500 million. Are you surprised Microsoft are reportedly changing their minds on investing in Cyanogen? Do you think devices running Cyanogen OS should come running with Microsoft apps? Let us know

The post Microsoft Reported To Not Be Investing In Cyanogen As Current Funding Round Nears Completion appeared first on AndroidHeadlines.com |.

from AndroidHeadlines.com | http://ift.tt/1Axfqul