Deal valuing chat app at $10 billion or more could be completed next month
Microsoft Corp. is in advanced talks to acquire messaging platform Discord Inc. for $10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings.
Microsoft and Discord are in exclusive talks and could complete a deal next month, assuming the negotiations don’t fall apart, the people said.
Originally favored by gamers, San Francisco-based Discord offers voice, text and video chatting. The platform’s popularity has surged since the pandemic took hold as people stay home and connect online—as have those of other chat services like Facebook Inc.’s WhatsApp and Signal Messenger LLC.
Microsoft, which has a market value of over $1.7 trillion, has been on the hunt for an acquisition that would help it reach more consumers. Last summer, it held talks to buy the popular video-sharing app TikTok amid a high-profile geopolitical standoff prompted by the Trump administration, before abandoning the effort.
VentureBeat reported this week that Discord was exploring a sale and had entered exclusive discussions with an unnamed suitor.
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Loved ya and loved Nitro.
Deal valuing chat app at $10 billion or more could be completed next month
Microsoft Corp. is in advanced talks to acquire messaging platform Discord Inc. for $10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings. Microsoft and Discord are in exclusive talks and could complete a deal next month, assuming the negotiations don’t fall apart, the people said. Originally favored by gamers, San Francisco-based Discord offers voice, text and video chatting. The platform’s popularity has surged since the pandemic took hold as people stay home and connect online—as have those of other chat services like Facebook Inc.’s WhatsApp and Signal Messenger LLC. Microsoft, which has a market value of over $1.7 trillion, has been on the hunt for an acquisition that would help it reach more consumers. Last summer, it held talks to buy the popular video-sharing app TikTok amid a high-profile geopolitical standoff prompted by the Trump administration, before abandoning the effort. VentureBeat reported this week that Discord was exploring a sale and had entered exclusive discussions with an unnamed suitor.
(More to come.)
Does anyone have faith that Microsoft wouldn't destroy Discord in a matter of years if they took it over?
Still, Xbox gamers should be happy.
Hopefully Matrix or absolutely anything that's Free Software rise up this time.