Video game chat app Discord ends buyout talks with Microsoft, Tech News News & Top Stories
SAN FRANCISCO (BLOOMBERG) – Microsoft and video game chat company Discord end buyout talks after Discord rejects a $ 12 billion ($ 15.9 billion) offer, people familiar with the matter say .
Discord is now focused on a possible long-term public listing, people said, asking not to be identified as the matter is private.
Several other companies have also attempted to buy Discord in recent weeks, people said. The identity of these companies could not be immediately learned.
Representatives for Discord and Microsoft declined to comment.
San Francisco-based Discord is best known for its free service that allows gamers to communicate via video, voice, and text. People trapped in their homes during the pandemic have increasingly used its technology for study groups, dance classes, book clubs and other virtual gatherings.
It has broadened its communication tools to make it a “chat room” rather than just a player-centric chat platform.
Bloomberg previously reported that the companies were in talks about a deal, but that Discord was more likely to make an initial public offering. Discord has also had discussions with Epic Games and Amazon.com in the past, people familiar with the matter have said.
The Wall Street Journal previously reported on the end of the sale negotiations.
Microsoft remains busy on the transaction front. Earlier this month, he announced that he would buy speech recognition pioneer Nuance Communications in an all-cash transaction valued at US $ 19.6 billion.
Last year, it attempted to buy the TikTok social media app and held talks to acquire Pinterest, as it researched assets that would provide access to thriving user communities, people familiar with it said. with the subject. Microsoft’s Xbox business has also expanded the range of subscription benefits it offers as part of its Game Pass offering.