Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
According to the latest intel, Google’s Sundar Pichai had a meeting with Cyanogen Inc executives recently. supposedly they were trying to work out a possible Google acquisition of the popular Android mod and its team. Additionally, it appears that the CM team turned Google down, and is instead planning to seek $1 Billion in Series C funding from a few investors and tech firms.
Besides the obvious value of the software and the skills of its developers, there is another reason Google may have been interested in a Cyanogenmod buyout, and it is also the likely reason that the CM team thinks they can get that much investor funding. The Cyanogenmod version of Android could be a decent competitor to stock Android. It's possible that the company will get funding from several sources who plan to use the CM ROM as the default OS of choice for their devices.
What do you think if this is true? Should the CM team have negotiated a deal with Google or is forging ahead on their own the better course?
Source: The Information