Discord has ended buyout talks with Microsoft: source - The

Discord has ended buyout talks with Microsoft: source - The Hindu BusinessLine


Reuters
April 21 |
Updated on
April 21, 2021
Messaging platform was valued at around $7 billion as of December
Messaging platform Discord Inc has ended deal talks with Microsoft Inc and plans to focus on growing the business as a standalone company, a source familiar with the matter told Reuters on Tuesday.
Microsoft and Discord did not immediately respond to requests for comment.
Reuters had reported in March that Microsoft is in talks to buy Discord, for more than $10 billion.
Boost to gaming
The Covid-19 pandemic has boosted the prospects of gaming companies as people under lockdowns increasingly turn to video games as a form of entertainment.

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