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Microsoft Corp. is in advanced talks to acquire the Discord Inc. messaging platform for $ 10 billion or more, according to people familiar with the matter, as the software giant seeks to deepen its consumer offerings.
Microsoft and Discord are in exclusive talks and could close a deal next month, assuming the talks don’t collapse, people said.
Initially favored by gamers, San Francisco-based Discord offers voice, text, and video chats. The platform’s popularity has grown since the pandemic took hold, as people stay at home and connect online, as have other chat services, like Facebook Inc.’s WhatsApp and Signal Messenger. LLC. Discord is considering an IPO.
Microsoft, which has a market value of over $ 1.7 trillion, is looking for an acquisition that would help it reach more consumers. Last summer, he spoke to buy the popular video-sharing app TikTok amid a high-level geopolitical stalemate caused by the Trump administration, before abandoning the effort.
VentureBeat reported this week that Discord is exploring a sale and has entered into exclusive talks with an anonymous suitor.
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