Discord ends buyout talks with Microsoft - source

Reuters had reported in March that Microsoft is in talks to buy Discord, for more than $10 billion. 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.

Reuters | Updated: 21-04-2021 10:47 IST | Created: 20-04-2021 23:11 IST
Discord ends buyout talks with Microsoft - source
Representative image Image Credit: ANI

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.

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. Discord, which was valued at around $7 billion as of December, is a platform on which users coordinate group activities such as games, discussions and even virtual parties.

Also Read: D2C Dream Companies to Work for 2021: HUL, Google, Microsoft and Amazon vibes with MBA and engineering students

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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