Discord Walks Away from Microsoft Deal, Likely to go Public

Nearly a month after reports suggested that Microsoft is looking to acquire Discord, the messaging platform has ended sales talks with the software giant. According to sources close to the company, Discord is primarily focusing on growing its business as a standalone entity and chalking its path to its own IPO. 

SEE ALSO: Microsoft in Early Talks to Buy Discord for over $10 Billion

Microsoft’s interest in Discord

Just about a month ago, Microsoft and Discord were in talks regarding a potential acquisition of Discord, valued at around $10 billion. However, Discord walked away from the talks by rejecting a $12 billion bid made by Microsoft, to focus on growing independently. 

Microsoft was leaning towards the acquisition due to a growing interest in online and gaming activities. Further, the acquisition would enable the company to improve engagement with its online Xbox community. 

Sources who have been closely tracking the story have claimed that Twitter had also expressed interest in buying Discord. In the past, Discord also held talks with Epic Games and Amazon to discuss a potential acquisition. 

Over the past few weeks, a number of companies have held talks to discuss an investment in Discord, with some, valuing the company at $15 billion to $18 billion. 

Twitter, Discord, and Microsoft have declined to comment on the matter. 

Discord’s growth 

The arrival of the COVID-19 pandemic coupled with the soaring interest in e-sports from around the world has worked in favor of Discord. 

In 2020, Discord had around 100 million active subscribers. Today, just over a quarter into 2021, the number of active subscribers has skyrocketed to 140 million. 

Besides, Discord’s value has doubled in the last year, from $ 3.5 billion in 2020 to a whopping $ 7 billion in 2021. 

Discord is one of the most popular voice chat applications that was primarily developed for the gaming community. In the current scenario, the application has multiple servers for individuals with a deep interest in comics, movies, anime, art, self-help, and more. 

More about Discord

Discord was launched in 2015 and became an instant hit among the gaming community. Currently, there are 6.7 million active servers on the platform, out of which, thousands are not gaming-related. 

Image Source: Discord

Karandeep V

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency. At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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