A recent report claims Cyanogen has a deal with Indian mobile manufacturer Micromax to release a CyanogenMod-powered handset as early as the end of the year. The report notably also claimed that Cyanogen had recently turned down a Google buyout offer made by SVP of Android, Sundar Pichai.
The Information report (via Android Police) claims Cyanogen CEO Kirt McMaster recently told shareholders of the spurned Google deal, saying the company was more focused on obtaining its third round of funding that took it to a $1 billion valuation - "despite barely generating any revenue."
The reported deal with Micromax for launching a CyanogenMod-powered handset in India does seem to be in-line with the Palo Alto and Seattle-based company's obvious intentions to start making some money.
The report claims the release date of the CyanogenMod Micromax handset is still uncertain.
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