Gaming

Microsoft is planning to acquire Discord for more than $10 Billion

According to the paper, Discord has approached prospective sellers, including Microsoft, and one of them, according to people familiar with the matter, is more likely to go public than sell itself. Bloomberg News announced that Microsoft Corp is in negotiations to acquire chat app Discord Inc for more than $10 billion, citing sources familiar with the matter.

According to the paper, Discord has approached prospective sellers, including Microsoft, and one of them, according to people familiar with the matter, is more likely to go public than sell itself. Discord was negotiating a deal earlier in the day, according to VentureBeat, and was in final talks with a party.

Discord was negotiating a deal earlier in the day, according to VentureBeat, and was in final talks with a party. Reuters reached out to Microsoft and Discord for comment, but neither company responded right away.

People remained at home and took to computer games for amusement during the COVID-19 pandemic, which improved the fortunes of gaming firms. Roblox, a popular video game developer based in the United States, made a successful business debut earlier this month after opting for a direct listing rather than a conventional IPO.

Microsoft is planning to acquire Discord for more than $10 Billion

What is Discord?

Based in San Francisco People stuck at home during the pandemic have increasingly used Discord’s technologies for study groups, dance lessons, book clubs, and other virtual gatherings. Discord is best known for its free service that lets gamers chat by video, speech, and text, and people stuck at home during the pandemic have increasingly used its technology for study groups, dance classes, book clubs, and other virtual gatherings.

It has over 100 million monthly active users and has been working to improve its networking capabilities and make it more than just a gamer-centric chat site.

“As Microsoft continues to reshape the gaming market more into apps and services, acquiring Discord makes a lot of sense,” said Bloomberg Intelligence Analyst Matthew Kanterman. “There’s a huge chance to bundle Discord’s premium product, Nitro, into the Game Pass programme to push more subscribers from the current 18 million,” says the source.

Following Microsoft’s massive $7.5 billion purchase of ZeniMax Media Inc., the parent company of Bethesda Softworks, the developer of The Elder Scrolls and Doom, an acquisition of Discord will signal the Redmond, Washington-based tech giant’s desire to continue investing in its video-game business.

According to one source, Discord reached out to Microsoft to gauge interest, and Xbox CEO Phil Spencer has been in contact with the group. According to Pitchbook, the firm received $100 million at a $7 billion valuation last year.

According to two people familiar with the situation, Discord has previously held talks with Epic Games Inc. and Amazon.com Inc. Epic did not respond to requests for comment right away. Amazon did not respond to requests for comment.

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