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Bloomberg: Microsoft not investing in Cyanogen

Discussion in 'Tech News World' started by Princess, Mar 14, 2015.

  1. Princess

    Princess Well-Known Member
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    Over a month after the Wall Street Journal reported that Microsoft was planning to become a minority investor in Cyanogen, a report from Bloomberg is suggesting otherwise.

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    As per the report, the software giant is not investing in the alternative mobile operating system company, although it may partner with the latter to get its software onto Cyanogen’s mobile OS.

    The Bloomberg report also notes that Cyanogen would secure a funding of $110 million, which could value the company at $500 million or more. PremjiInvest, the $1 billion private equity vehicle backed by Wipro Group chairman Azim Premji, will be among the investors in the new round.

    Via