Chat app Discord ends takeover talks with Microsoft
Katie Roof and Dina Bass, Bloomberg News
Microsoft in talks to buy video game chat platform Discord VIDEO SIGN OUT
Microsoft Corp. and video-game chat company Discord Inc. have ended takeover talks after Discord rejected a US$12 billion bid, according to people familiar with the matter.
Discord is now focused on a potential public listing in the long term, the people said, asking not to be identified because the matter is private.
Several other companies also tried to buy Discord in recent weeks, the people said. The identity of these companies couldnât immediately be learned.
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Please wait. Microsoft and Discord did not immediately respond to requests for comment. Social networking has grown during the Covid-19 pandemic as people spent more time online for gaming to investment amid stay-at-home restrictions.
Discord, which allows public and private groups to gather and chat by text, audio and video, has expanded from a gamers club to all types of communities, including sports fans, music groups and cryptocurrency investors. With over 140 million users, its business model stands out in the social network space where so many technology companies, such as Facebook Inc and Twitter Inc, rely on advertising for the bulk of the revenue.
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