It was reported last month that Microsoft was in talks to buy popular voice, video, and text chat app maker Discord for more than $10 billion. A report published by The Wall Street Journal today suggests that those discussions have fallen through, however—apparently, Discord has opted to distance itself from a potential acquisition and is leaning toward an initial public offering instead as an attempt to raise even more capital. Discord’s valuation is already estimated to be around $7 billion; the company managed to score an additional $100 million in funding last year.
Discord has walked away from sale talks with Microsoft and other suitors, people familiar with the matter say. The chat startup is now eyeing a potential IPO. https://t.co/AVozPZyjJ5— The Wall Street Journal (@WSJ) April 20, 2021
All of those talks are apparently off the table now, as Discord repositions itself for an initial public offering. The Wall Street Journal notes that “it is possible they could be rekindled in the future,” according to some of its sources.
Sources: The Wall Street Journal, Kotaku