Discord terminates sales talks with Microsoft

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Messaging platform Discord Inc has ended negotiating a deal with Microsoft Inc (M.N) and plans to focus on expanding as a standalone company, sources familiar with the matter told Reuters on Tuesday.The company will focus on building a chat platform and monetizing its rapidly growing user base during the outbreak. Public listings are on the table. But not near the added source Microsoft and Discord did not immediately respond to requests for comment.

Reuters reported in slotxo March that Microsoft was in talks to buy Discord for more than $ 10 billion.Social networks have grown in the wake of the COVID-19 epidemic as people enjoy activities ranging from gaming to investing.Discord, which allows public and private groups to collect and chat with text, audio and video, has expanded from gamer clubs to all kinds of communities, including sports fans, music groups and cryptocurrency investors.With over 140 million users, the business model stands out in the social networking space, where many tech companies such as Facebook Inc (Facebook Inc) and Twitter Inc (Twitter Inc) rely on advertising to generate huge revenue.

The San Francisco-based company's revenue rose to $ 130 million last year thanks to Nitro's premium subscription at $ 9.99 per month or $ 99.99 per year for features such as special emojis and Improved video resolution In December, Discord raised $ 100 million in a $ 7 billion private equity round, with Greenoaks Capital and Index Ventures being investors.Microsoft has enjoyed an acquisition spree after it failed to bid on TikTok last summer.This year, it acquired gaming company Zenimax with a takeover and speech technology firm Nuance Communications Inc (Nuance.N). $ 7.5 billion at a price of approximately $ 16 billion.