After that development, some of the developers of CynogenMod made an announcement that they had taken the technology and re-launched it under the name LineageOS.
According to The Information, Cyanogen had recently declined a $1 billion offer from Google, to acquire the company. The reason for the refusal was said to be that it was not in the best interest of the Company to be purchased by Google. Nothing further was stated about the offer.
Rumors abound, though that other Companies are interested in buying off Cyanogen and that the Company had already committed itself to another deal. These are allegations that Cyanogen has declined to comment on, further shrouding the issue in mystery.
Another reason could have been Cyanogen's interest to venture into new markets like China, and selling to Google would hamper that effort. According to Will Stofega, Program Director for Mobile Device Technology and Trends(IDC), "Google is not making much there(China), most people are using (AOSP), and Google isn't getting the opportunity to track their information." Stofega added that 50-70% of Android users in China do not use licensed versions of the operating systems.
It is still unclear whether Google really attempted to acquire Cyanogen as both Companies have declined to comment.