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Microsoft-Discord acquisition deal said to be off the table

The company will focus on building the chat platform and making money from its user base that has grown quickly during the pandemic. A public listing is on the table but not imminent, the sources added. Microsoft and Discord did not immediately respond to requests for comment.

Reuters had reported in March that Microsoft was in talks to buy Discord for more than $10 billion. With over 140 million users, its business model stands out in the social network space where so many technology companies, such as Facebook Inc and Twitter Inc, rely on advertising for the bulk of the revenue.

Microsoft has been on an acquisition spree following its failed bid for TikTok last summer. This year, it has acquired gaming company Zenimax in a $7.5 billion acquisition and speech technology firm Nuance Communications Inc for about $16 billion.

Source: Economic Times

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