Discord has reportedly suspended talks with Microsoft and will remain independent and focus on a potential IPO.
The Wall Street Journal reports that Discord has stopped talks with at least three companies seeking to acquire the platform, including Microsoft that were reportedly willing to pay at least $ 10 billion.
Despite talks now on hold, sources close to the company say these talks “could be restarted in the future.”
This potential deal reportedly had to close this month, and that Xbox bass Phil Spencer was part of the talks as the Xbox community would benefit from Discord.
Discord has been around since 2015 and is gamers’ preferred way of communicating with each other. Its popularity has led the company to have $ 130 million in 2020 and an estimated value of $ 7 billion.
So Microsoft isn’t going to buy Discord any time soon, but it has acquired ZeniMax Media this year for $ 7.5 billion, making it own IPs like The Elder Scrolls, Fallout, Doom, and many more.