Name: Discord ends sale talks with Microsoft - sources
Brand: reuters.com
SKU: reuters-com-3317
Availability: OnlineOnly

critic

Discord ends sale talks with Microsoft - sources

preview

A Microsoft logo is seen on an office building in New York City, U.S. on July 28, 2015. REUTERS/Mike SegarRegister now for FREE unlimited access to Reuters.comApril 20 (Reuters) - Messaging platform Discord Inc has ended deal talks with Microsoft Inc and plans to focus on expanding the business as a standalone company, sources familiar with the matter told Reuters on Tuesday.The company will focus on building the chat platform and making money from its user base that has grown quickly during the pandemic. A public listing is on the table but not imminent, the sources added.Microsoft and Discord did not immediately respond to requests for comment.Register now for FREE unlimited access to Reuters.comReuters had in March that Microsoft was in talks to buy Discord for more than $10 billion. Social networking has grown during the COVID-19 pandemic as people increasingly goonline for activities from gaming to investment.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.The San Francisco-based company's revenue grew to $130 million last year through its Nitro premium subscriptions, at $9.99 monthly or $99.99 annually, for features such as special emojis and enhanced video resolution.In December, Discord raised $100 million in a private funding round that valued it at $7 billion, counting Greenoaks Capital and Index Ventures as investors.Microsoft has been on an acquisition spree following its failed bid for TikTok last summer. This year, it has acquired gaming company Zenimax in a $7.5 billion acquisition and speech technology firm Nuance Communications Inc for about $16 billion.Register now for FREE unlimited access to Reuters.comOur Standards:

A Microsoft logo is seen on an office building in New York City, U.S. on July 28, 2015. REUTERS/Mike SegarRegister now for FREE unlimited access to Reuters.comApril 20 (Reuters) - Messaging platform Discord Inc has ended deal talks with Microsoft Inc and plans to focus on expanding the business as a standalone company, sources familiar with the matter told Reuters on Tuesday.The company will focus on building the chat platform and making money from its user base that has grown quickly during the pandemic. A public listing is on the table but not imminent, the sources added.Microsoft and...

public

Chavi Mehta

Krystal Hu

Top and breaking news, pictures and videos from Reuters. For more breaking business news, follow @ReutersBiz.

reuters.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

Discord ends sale talks with Microsoft - sources

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS