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Cyanogen looking to raise USD 100 mln, without Microsoft

Monday 16 March 2015 | 09:34 CET | News
US mobile phone open source firmware startup Cyanogen could soon raise USD 100 million in a new financing round, Bloomberg reported, citing sources with knowledge of the matter. The sources, who wished to remain anonymous, said the company wanted to get its version of Android software into more smartphones. PremjiInvest, the investment vehicle of Wipro chairman Azim Premji, will be among the investors, the anonymous sources said. Microsoft will not take part, although it may still be interested in a commercial deal to get its software onto Cyanogen's mobile operating system, one person said.

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Microsoft / Wipro
Countries: United States
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