Microsoft Is Not Investing In Cyanogen As Previously Reported

cyanogen

Cyanogen develops enhanced open source firmware distribution for smartphones and tablet computers based on the Android open source OS. Most often, it offers features and options not found in the official firmware distributed by vendors of these devices. Last year, we reported that Microsoft CEO Satya Nadella had a meeting with Cyanogen. Earlier this year, WSJ reported that Microsoft is investing in Cyanogen and it will be a minor part of $70 million round of equity financing that values Cyanogen in the high hundreds of millions.

Today, Bloomberg reported that Microsoft is not investing in Cyanogen. Microsoft has decided not to invest after negotiations, although it may still be interested in a commercial deal to get its apps onto Cyanogen ROMs. Even though Microsoft and Cyanogen held talks  to explore an investment, the failed to strike a deal.

Read more about it from the link below.

Source: Bloomberg

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