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Cyanogen reportedly close to raising a $110M round, but Microsoft won't invest

2015-03-14 16:46:15| IT Services - Topix.net

The Android interface builder Cyanogen is said to be close to raising a $110 million funding round. Microsoft had been in talks with the startup to become an investor, but is now said to have bowed out, Bloomberg reports .

Tags: close microsoft round raising

Microsoft tries to thwart Google by investing in Cyanogen

2015-01-30 14:01:35| Extremetech

Reports suggest that Microsoft will participate in a round of funding for Cyanogen, Inc. -- the commercial enterprise that formed out of the CyanogenMod community. This will only give Microsoft a minority stake in the company, but could hint at large changes for one of the largest tech companies in the world.

Tags: google microsoft investing thwart

Microsoft to invest in Cyanogen - report

2015-01-30 09:03:00| Telecompaper Headlines

(Telecompaper) Microsoft is investing in Android developer Cyanogen, people familiar with the matter told the Wall Street Journal. Microsoft would be a minority investor in a roughly USD 70 million round of equity financing that values Cyanogen in the high hundreds of millions, one of the people said. The financing round could grow with other strategic investors that have expressed interest in Cyanogen, the report said. Microsoft and Cyanogen declined to comment. Cyanogen offers an alternate version of the Android mobile operating system with fewer resrtictions on apps. The 80-person company claims to have a volunteer army of 9,000 software developers working on its own version of Android. Cyanogen has raised USD 100 million to date and claims more than 50 million people use a version of the Cyanogen Android operating system.

Tags: report microsoft invest cyanogen