Microsoft Corp. is in advanced talks to acquire Discord Inc. messaging platform for $ 10 billion or more, according to those familiar with the matter, as the software giant seeks to deepen its consumer offering.
Microsoft and Discord are in exclusive talks and could close a deal next month provided the negotiations don’t fall apart, people said.
San Francisco-based Discord was originally preferred by gamers and offers voice, text, and video chat. The platform’s popularity has increased since the pandemic hit, as people stay at home and connect online – as has other chat services like Facebook Inc.’s WhatsApp and Signal Messenger LLC. Discord has been considering going public.
Microsoft, valued at over $ 1.7 trillion, was looking for an acquisition that could reach more consumers. Talks were held with last summer Buy the popular TikTok video sharing app Amid a high profile geopolitical stalemate instigated by the Trump administration before efforts were abandoned.
VentureBeat reported this week that Discord was reviewing a sale and had exclusive conversations with an anonymous applicant.