Cyanogen rejects buyout attempt by Google, Seeks $1 Billion Valuation

[newarkhiphop]

For a lot of start ups, winning Google'
s interest is the goal. Not Cyanogen. According to The Information, the Cyanogen CEO Kirt McMastertold shareholders that it recently shrugged off Google SVP of Android Sundar Pichai's interest in purchasing the company -- choosing instead to focus on obtaining a $1 billion valuation to aid in its third round of funding. The company's grounds for that number, and perhaps Google's interest for the company, lie with its long-term goal: to become the third most popular mobile ecosystem. Considering the fact that Cyanogen's third-tier mobile OS is essentially a more "open" version of Android, it's no surprise the company has Mountain View's attention.

Even so, dismissing Google's interest is a pretty bold move -- especially considering that the company is now looking for more funding on top of the $30 million it collected last year. There's confidence there, however: Cyanogen investors are being told that the company has struck a deal with Micromax to build Cyanogen-based phones, echoing its partnership withOnePlus to bake its flavor of Android into theOne. It's still too early to say if Cyanogen's efforts will pay off in the long term, but the company is definitely on Google's radar, and that's something.

http://www.engadget.com/2014/10/02/cyanogen-refuses-google/

 

[Romell]

Good for them. I don't see Google continuing to let Cyanogen rock if they were to have agreed on a deal. As long as OEM's continue to have their way with Android, Cyanogen is needed.

 

[AB Ziggy]

google can easily remove their services from cyanogenmod without notice and Cyanogen is finished as a company.

 

[CurrencyChase]

google can easily remove their services from cyanogenmod without notice and Cyanogen is finished as a company.

How?

 

[AB Ziggy]

How?

nikkas will deny this but while Cyanogen's Android may be more customisable, it is nothing without an ecosystem. And so far, who actually uses Cyanogenmod without Google Play. Even OnePlus One had to ship with Google services to sell.

 

[CurrencyChase]

nikkas will deny this but while Cyanogen's Android may be more customisable, it is nothing without an ecosystem. And so far, who actually uses Cyanogenmod without Google Play. Even OnePlus One had to ship with Google services to sell.

Trust me impossible.

 

[Why-Fi]

late. MS had a sit down with them too, theyre a big deal and they will get the billy they asking for watch
http://www.thecoli.com/threads/why-would-nadella-m-be-meeting-with-cyanogen-developers.245056/

 

[AB Ziggy]

late. MS had a sit down with them too, theyre a big deal
http://www.thecoli.com/threads/why-would-nadella-m-be-meeting-with-cyanogen-developers.245056/

Doesn't mean much. Rumors said Amazon sat down with them too. Cyanogen thinks they're worth $1 billion.

 

[Why-Fi]

Doesn't mean much. Rumors said Amazon sat down with them too. Cyanogen thinks they're worth $1 billion.

i bet you they get it or close to it.

 

[newarkhiphop]

google can easily remove their services from cyanogenmod without notice and Cyanogen is finished as a company.

Google wouldn't do that they could but wouldn't

 

[Hersh]

the know they r not worth that.. but they would happily sell at that price...

cynogen is getting corporate now too..eventually it will get swallowed up by Google

 

[Krazy]

They'll regret this decision.
Cyanogen gonna decline.