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Communication platform Discord rejected several large bids and is said to be pursuing an IPO. That didn’t stop gaming company Sony Corp (NYSE: SONY) from swooping in to invest in the company and launch a partnership.
What Happened: Technology company and Xbox owner
Microsoft Corporation (NASDAQ: MSFT) is rumored to have offered $10 billion to acquire Discord. The company turned down Microsoft’s bid, as well as bids from others.
Discord is said to have 140 million users and saw rapid growth during the COVID-19 pandemic, going from $45 million in revenue in 2019 to $130 million in 2020.
Sony Steps In: Sony announced in a blog post that it will partner with Discord to integrate a better social experience for Playstation users beginning next year, which could give Playstation a boost over Xbox.
Microsoft Corporation (NASDAQ:MSFT), (CRSR) - Discord Sets Aside Microsoft s Acquisition Bid In Favor Of IPO Plan Revival: WSJ benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.