Cyanogen Inc. Turns Down Acquisition Attempt by Google, Seeks $1 Billion Valuation
Found on Droidlife on Saturday, 04 October 2014
Ultimately, in theory, a buyout by Google would protect the company’s control of the Android ecosystem, as Cyanogen’s home-brewed version of Android is potentially the first real threat to ship on phones that Google has encountered.
With this news, Cyanogen is now discussing a Series C round of funding with a few major tech firms and late-stage investors, seeking a valuation close to $1 billion.
Recently, it feels like another dotcom bubble is growing again. Companies, no matter if they are good or bad, seek (and receive) ridiculous huge funds.