Today, Wall Street Journal reports that Microsoft will make an investment in, the Android ROM developer company, Cyanogen Inc. The Redmond giant is expected to become a minority investor in a $70 million round of equity financing.
The latest round of funding is said to value Cyanogen Inc. in the high hundreds of millions. Spokespeople from both Microsoft and Cyanogen Inc. declined to comment on the matter.
Cyanogen made quite a splash a few days ago when the company's CEO Kirt McMaster told an audience in San Francisco that the company wants to take Android away from Google. The ambitious startup plans to create a version of Android, which isn't dependent on Google Play apps and services.