Bloomberg: Microsoft Not Investing In CyanogenBy cheatmaster 05:17 Sat, 24 Jul 2021 Comments
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 recommending otherwise.
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 acquire 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 recent round.
Please LOGIN or REGISTER To Gain Full Access To This Article