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Discord reportedly end buyout talks with Microsoft$10 billion ain’t what it used to be
$10 billion ain’t what it used to be
Last month it was reported thatMicrosoft was in talks to purchase chat platform Discordfor $10 billion (around £7.2 billion). Now the Wall Street Journal isreportingthat Discord has ended that talks, preferring to stay independent for now.
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The WSJ report that “people familiar with the matter” say Discord has interest in floating on the stock market down the line, but also note talks could resume with Microsoft at a later date. Discord also apparently considered interest from three companies about a sale.
Microsoft have been on an acquisition spree over the past few years, particularly in games, buying up Mojang, Obsidian, inXile, Bethesda and more. Discord is a popular chat platform for people playing games, but would also have given Microsoft stronger footing in social media services. The company’s own game streaming service, Mixer,closed down last year.
Discord made $130 million in revenue in 2020, but is not yet profitable. Its real appeal right now is that it had 140 million monthly users last year, double the year before.
