Discord, agreement with Microsoft blown?

Discord, agreement with Microsoft blown?

Discord

A few weeks ago we reported that Discord, one of the most used platforms by video game enthusiasts for the organization of chats and much more, was already at a very advanced stage of negotiations with the technological giant Microsoft for its acquisition at the astronomical figure of ten billion dollars. According to the rumors, by now it was very little time for the formalization of the operation, but apparently things will most likely not go as planned.

According to what reported by the colleagues of The Verge, in fact, Discord has decided to not be bought by Microsoft or any other company. Previously, the company had been approached by several companies, such as Amazon and Epic Games, as reported by Bloomberg, given its huge influence and expansion in the gaming world and given its 140 million monthly users. For Microsoft it would have been another very important acquisition, after having already acquired the Zenimax group in recent months for the sum of about seven billion dollars. Apparently, for now Discord has decided to remain independent, but it is not excluded that any discussions related to its possible acquisition may reopen in the future.

If you too are avid Discord users, you should be careful to a ransomware, called “NitroRansomware”, which has started spreading over the last few weeks on the popular platform and, in addition to asking you for a Nitro subscription as a ransom to unlock the files that have been encrypted, it could also steal more information from you. To find out more, we recommend that you read our previous article.

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Messaging platform Discord reportedly ends sale talks with Microsoft

Discord's new game store is currently live as a beta version.


Discord


Messaging platform Discord has ended deal talks with Microsoft 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.


Reuters had reported 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 go online 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 and Twitter, 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 for about $16 billion.