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Discord messaging platform ends sale negotiations with Microsoft


Discord’s new game store is currently available in beta.

Discord

The messaging platform Discord has ended negotiations with Microsoft and plans to focus on expanding the business as a stand-alone business, people familiar with the matter told Reuters on Tuesday.

The company will focus on building the chat platform and making its user base profitable, which grew rapidly during the pandemic. A public list is on the table but not imminent, the sources added.

Microsoft and Discord did not immediately respond to requests for comment.

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

Social media has flourished during the Covid-19 pandemic as people increasingly go online for activities ranging from gambling to investing.

Discord, which allows public and private groups to come together and chat via text, audio, and video, has grown from a club of gamers to all types of communities, including sports fans, bands, and music fans. cryptocurrency investors.

With over 140 million users, its business model stands out in the social media space where so many tech companies, such as Facebook and Twitter, rely on advertising for the bulk of income.

The San Francisco-based company’s revenue jumped to $ 130 million last year thanks to its premium Nitro subscriptions, to $ 9.99 per month, or $ 99.99 per year, for features like special emojis and improved 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 embarked on a frenzy of acquisitions following the failure of its offer on TikTok last summer. This year, he acquired the games company Zenimax into a $ 7.5 billion voice acquisition and technology company. Nuance Communications for about $ 16 billion.



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